HB 2666

                                            f~l
                                            : ~f(  E   \'..al•
                                            ~ t.t-1\\   ._-o.~r.,;:t=,._       ;}Fj :
                                 ~tate of \Il:ennessee
                            PRIVATE CHAPTER NO. 70
                                     HOUSE BILL NO. 2666
                                  By Representative Vaughan
                             Substituted for: Senate Bill No. 2729
                                          By Senator Taylor
        AN ACT to amend Chapter 131 of the Private Acts of 1969; as amended by Chapter 85
of the Private Acts of 1987; Chapter 74 of the Private Acts of 1995; Chapter 57 of the Private
Acts of 2001 and Chapter 67 of the Private Acts of 2024; and any other acts amendatory
thereto, relative to the privilege tax upon hotel occupancy in Shelby County.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
        SECTION 1. Chapter 131 of the Private Acts of 1969, as amended by Chapter 85 of the
Private Acts of 1987, Chapter 74 of the Private Acts of 1995, Chapter 57 of the Private Acts of
2001, Chapter 67 of the Private Acts of 2024, and any other acts amendatory thereto, is
amended by deleting the following language in Section 10(c):
               At the later of: (i) such time as the original issue of bonds issued to finance the
               construction of the Cook Convention Center and any bonds issued in accordance
               with subsections (e) and (f) of Section 10 hereof shall become paid in full as to
               both principal and interest and (ii) June 30, 2015, the taxing resolution shall be
               repealed and the tax shall no longer be levied; provided further that any funds
               remaining in "The Auditorium Fund", after all obligations imposed under the
               provisions of this act shall have been fulfilled, shall be paid into a trust fund
               restricted to those uses in subsections (d), (e) and (f) of Section 10 hereof.
and substituting instead the following:
               At the later of: (i) such time as a National Basketball Association franchise is no
               longer a tenant of an indoor sports facility and (ii) June 30, 2050, the taxing
               resolution shall be repealed and the tax shall no longer be levied.
        SECTION 2. Chapter 131 of the Private Acts of 1969, as amended by Chapter 85 of the
Private Acts of 1987, Chapter 74 of the Private Acts of 1995, Chapter 57 of the Private Acts of
2001, Chapter 67 of the Private Acts of 2024, and any other acts amendatory thereto, is
amended by deleting the language "and ticket shortfall" in Section 10(e)(2)(B).
        SECTION 3. Chapter 131 of the Private Acts of 1969, as amended by Chapter 85 of the
Private Acts of 1987, Chapter 74 of the Private Acts of 1995, Chapter 57 of the Private Acts of
2001, Chapter 67 of the Private Acts of 2024, and any other acts amendatory thereto, is
amended by deleting Section 10(e)(2)(E) and substituting instead:
              (E) Upon such time as an indoor sports facility is no longer occupied by a
       National Basketball Association franchise as a tenant, sixty-one and one-quarter percent
       (61.25%) of the revenues of the tax will be allocated to the CVB and thirty-eight and
       three-quarters percent (38.75%) will be allocated to the County for any purpose
       permitted under this Private Act.
        SECTION 4. This act shall have no effect unless it is approved by a two-thirds (2/3) vote
of the legislative body of Shelby County. Its approval or nonapproval shall be proclaimed by the
presiding officer of the legislative body and certified to the secretary of state.
       SECTION 5. For the purpose of approving or rejecting the provisions of this act, it shall
be effective upon becoming a law, the public welfare requiring it. For all other purposes, it shall
become effective as provided in Section 4.
                       HOUSE BILL NO.  2666
PASSED:     April 23, 2026
                                        C.~
                                         CAMERONSEXTON,SPEAKER
                                         HOUSE OF REPRESENTATIVES
                                                      RANDY MCNALLY
                                                 PEAKER OF THE SENATE
APPROVED this   ~ ,~    day of   rv1a,   #\-  2026
                                          r
BILL LEE, GOVERNOR
                                                                                                                                     Local Legislative Body
                                                                                                                                        RECEIVED
                                                                                                                                                Aug 14 2026
                                               NOTICE TO SECRETARY OF STATE  Secretary of State
                                                                                                                                        Division of Publications
                                               OF RATIFICATION OF PRIVATE ACT
                                                                SECRETARY OF STATE
                                                                  Division of Publications
                                                            312 Rosa L. Parks Avenue, 8th Floor
                                                           William R. Snodgrass Tennessee Tower
                                                                    Nashville, TN 37243
                 Private Chapter No. - - -70  House
                                           - - ~ which is - - - - - - - - - -
                                                                    (House or Senate)
                 Bill No. _ _ _2_66_6_ _ _ of the 114th General Assembly,
                 IZl Passed  D Failed  D No Action Taken
                 The vote took place on  ~ / 01-/  <
                                                                           0 2.. /.o  , and the results were as follows:
                                                              Date (mm/dd/yyyy)
                       II       Votes For
                       0        Votes Against
                       0        Abstention
                 (please list number of votes)
                                                                             {!hat~u.20Mf4.ll Sha.A.+:e.e  k.Av~r
                                                                                Presiding Officer of the Local Legislative Body
                             Embossed Seal:
                              (if applicable)
                                                                                                       County or City
                                                                                                   Date (mm/dd/yyyy)
SS-7032 (Rev. 01/25)       Please return completed form to Division of Publications, 312 Rosa L. Parks Avenue, 8th Floor, Nashville, TN 37243  RDA 1677