SB 2633

ON APRIL 13, 2026, THE HOUSE ADOPTED AMENDMENT #2 AND PASSED HOUSE BILL 2496, AS AMENDED. AMENDMENT #2 makes the following changes:  Lowers the requires total public and private investment to meet the definition of "qualified public use facility"" from $300 million to $200 million.  Requires a portion of the sales and use taxes received by the commissioner of revenue to be distributed to a public entity designated by the municipality that is responsible for the retirement of all or a portion of the original debt relating to a performance venue with a seating capacity of at least 2, 500 that previously was leased to a minor league baseball team. Such distribution must be equal to the amount of any incremental state and local sales and use tax revenue from the sale of food, drink, and other authorized goods or products, ticket sales, and parking charges that occur on the premises on which the performance venue is located. The apportionment must continue until the debt is retired, or after 30 years, whichever is sooner. However, no portion of the revenue derived from the increase in the rate of sales and use tax allocated to educational purposes or revenue derived from the increase in the rate of sales and use tax from 6% to 7% must be apportioned pursuant to this amendment."