For approved applications, lawmakers could set aside up to 25% of certain state sales taxes to help fund sports complexes in smaller cities and villages.
If lawmakers fund approved applications, state aid for sports complexes in smaller cities and villages would stop after ten years or at $100 million, whichever comes first.
State aid would stop after ten years of funding or when total aid reaches $100 million, whichever comes first. These limits cover sports complexes in cities legally classified as cities of the second class or villages. The local government's application must be approved, and funding would depend on the Legislature setting aside money. Aid would be limited to 25% of specified state sales taxes from facility sales, ticket sales, and new sales at nearby retailers within the program area. The ten-year limit applies to years of funding. The proposal would take effect when passed and approved according to law.
No hearings or votes scheduled.