SB 67

Currently a local professional baseball park district may impose a sales tax and

a use tax within the area of its jurisdiction, and a district may issue revenue bonds

if the district board determines that the district's lease with a professional baseball

team franchise that uses the district's baseball facilities is for a term of at least 30

years. Generally, the sales and use taxes may not be imposed and collected after the

district pays off the bonds issued to construct the stadium and funds a special

maintenance and capital improvements fund.

Under this bill, the sales and use taxes may not be collected, generally, after

December 31, 2019. Also under the bill, any lease between the district and the

baseball team that uses the facilities must extend for at least the same number of

years during which the sales and use tax is collected. The bill also specifies that the

district board may not incur any new obligations after June 30, 2019, if the obligation

could not be paid once the sales and use tax is no longer collected.