Bill Amendment: AZ HB2495 | 2016 | Fifty-second Legislature 2nd Regular
Bill Title: Sporting event tax revenue; tourism
Status: 2016-05-19 - Chapter 366 [HB2495 Detail]
Download: Arizona-2016-HB2495-SENATE_ADOPTED_AMENDMENT_Worsley_flr_amend_ref_Bill_adopted.html
Bill
Number: H.B. 2495
Worsley Floor Amendment
Reference to: House engrossed bill
Amendment drafted by: Leg Council
FLOOR AMENDMENT EXPLANATION
- Appropriates $1.5 million annually to the Office of Tourism, in 12 equal monthly installments, if PIR incurs a special sporting event project cost of at least $100 million. Continues the appropriation through FY 2051.
- Removes provisions regarding payment of monies from the TPT distribution base, provisions regarding the amount of revenue collected from the venue each fiscal year, and provisions regarding payments to HURF.
- Requires JLBC to certify the expenditures reported by the host facility.
- Requires the Office of Tourism to report annually to JLBC the amounts and purposes of all expenditures made in the previous fiscal year.
Fifty-second Legislature Worsley
Second Regular Session H.B. 2495
WORSLEY FLOOR AMENDMENT
SENATE AMENDMENTS TO H.B. 2495
(Reference to House engrossed bill)
Page 1, strike lines 2 through 41
Strike pages 2 through 6
Page 7, strike lines 1 through 41, insert:
"Section 1. Title 41, chapter 19, article 1, Arizona Revised Statutes, is amended by adding section 41-2308, to read:
41-2308. Special sporting events; promotion and marketing; report; appropriation; definitions"
Line 42, strike "DECEMBER 31, 2020" insert "June 30, 2021"
Line 43, strike the first comma; after "FROM" strike remainder of line
Strike line 44, insert "monies appropriated pursuant to"
Line 45, after "section" insert "one million five hundred thousand dollars per fiscal year"; strike "AS FOLLOWS:"
Page 8, line 1, strike "1. NINETY PERCENT"
Line 2, strike the third "THE"
Line 3, strike "TOURISM" insert "a separate"; strike "AS PROVIDED BY SECTION 41‑2306"
Line 4, after the period insert "On or before October 1 of each year, the office of tourism shall report to the joint legislative budget committee the amounts and purposes of all expenditures made pursuant to this subsection in the previous fiscal year."
Strike lines 5 through 19
Line 20, strike "3." insert:
"B. The treasurer may make the payments prescribed in subsection A of this section"
Line 21, after "dollars" insert a period strike remainder of line
Page 8, strike lines 22 through 28, insert:
"C. The host facility shall report to the joint legislative budget committee and the governor's office of strategic planning and budgeting that it has incurred the special sporting event project cost prescribed in subsection B of this section on or before December 31, 2020. The joint legislative budget committee shall certify the expenditures reported by the host facility.
D. If the requirements of subsections B and C of this section are met, The sum of one million five hundred thousand dollars is appropriated annually from the state general fund to the state treasurer for the purposes of this section beginning in fiscal year 2021‑2022 and ending in fiscal year 2050‑2051."
Page 9, strike lines 9 through 45
Strike pages 10 through 32
Amend title to conform
