Senate Bill sb1850

    Florida Senate - 2003                                  SB 1850

    By Senator Diaz de la Portilla





    36-718-03                                               See HB

  1                      A bill to be entitled

  2         An act relating to commercial development and

  3         capital improvements; amending s. 212.20, F.S.;

  4         providing for distribution of a portion of

  5         revenues from the tax on sales, use, and other

  6         transactions to a motorsports entertainment

  7         complex; creating s. 288.1170, F.S.; providing

  8         definitions; providing for certification of

  9         such facility by the Office of Tourism, Trade,

10         and Economic Development of the Executive

11         Office of the Governor; providing requirements

12         for certification; requiring specified notice;

13         providing for annual recertification; providing

14         for use of the funds distributed to a

15         motorsports entertainment complex; providing

16         for audits by the Department of Revenue;

17         providing an effective date.

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19         WHEREAS, it is the finding of the Legislature that

20  Florida has long been the preeminent site in the nation for

21  motorsports racing, and

22         WHEREAS, motorsports racing has been a major tourist

23  attraction in Florida for nearly 100 years, and

24         WHEREAS, motorsports entertainment is the fastest

25  growing sports industry in the United States, and

26         WHEREAS, as a result of the increased popularity of

27  motorsports racing, many new motorsports facilities are being

28  constructed in other states, and

29         WHEREAS, to continue to attract spectators to

30  sanctioned championship motorsports events, the owner or

31  operator of a motorsports entertainment complex must build

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2003                                  SB 1850
    36-718-03                                               See HB




  1  additional spectator seating and renovate existing facilities

  2  to improve the amenities available to spectators, and

  3         WHEREAS, attracting, retaining, and providing favorable

  4  conditions for conducting sanctioned championship motorsports

  5  events and the continued development of the motorsports

  6  entertainment industry in Florida provides skilled-employment

  7  opportunities for citizens of this state, and

  8         WHEREAS, continued development and improvement of

  9  Florida's motorsports entertainment industry is vital to

10  Florida's tourism industry and to state revenues, and

11         WHEREAS, the motorsports entertainment industry is a

12  major contributor to Florida's economic development because of

13  the technology and service businesses that provide goods and

14  services to the industry, and

15         WHEREAS, the provisions of this act are necessary to

16  protect and strengthen Florida's motorsports entertainment

17  industry, and the purposes to be achieved by this act are

18  predominately public purposes vital to the protection and

19  improvement of Florida's economy, NOW, THEREFORE,

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21  Be It Enacted by the Legislature of the State of Florida:

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