5.14.020 - Tax Imposed.
A. There is levied a privilege tax upon the privilege of attending any event at the municipal stadium. The amount shall be as follows:
1. Effective for events scheduled to occur from June 14, 2010, through July 31, 2013, an amount of two dollars.
2. Effective for events scheduled to occur on or after August 1, 2013, an amount of three dollars.
3. To the extent the tax exceeds ten percent of the consideration charged for a ticket, the tax will be limited to ten percent of the ticket price.
B. Municipal soccer stadium.
1. In lieu of the provisions of subsection A. of this section, there is levied a privilege tax upon the privilege of attending any event at the municipal soccer stadium. The amount shall be as follows:
a. Effective for events scheduled to occur during the first five years of the operation of the municipal soccer stadium, the amount of one dollar seventy-five cents per ticket;
b. Effective for events scheduled to occur during years six and seven of the operation of the municipal soccer stadium, the amount of two dollars twenty-five cents per ticket;
c. Effective for events scheduled to occur during years eight and nine of the operation of the municipal soccer stadium, the amount of two dollars fifty cents per ticket;
d. Effective for events scheduled to occur during years ten through fourteen of the operation of the municipal soccer stadium, the amount of two dollars seventy-five cents per ticket;
e. Effective for events scheduled to occur from and after year fifteen of the operation of the municipal soccer stadium, the amount of three dollars per ticket;
2. One dollar seventy-five cents of the ticket tax for the municipal soccer stadium will be dedicated to the payment of debt service on the bonds for the construction of the municipal soccer stadium. From and after the fifth year of the operation of the municipal soccer stadium, the amount of the ticket tax above one dollar seventy-five cents per ticket shall be deposited into a reserve account maintained by the metropolitan finance department to be used for long-term capital expenditures at the municipal soccer stadium.
C. The tax shall not be at a rate or in an amount that would create a reimbursement obligation to the primary tenant of the municipal stadium under a lease existing on January 1, 2009, so long as such lease is in effect.
D. The tax shall apply to the first, initial, or original sale of tickets.
E. The tax shall be in addition to all other taxes or fees levied or authorized to be levied on the sale of any event ticket, whether in the form of excise, license, or privilege taxes and shall be in addition to all other fees and taxes now levied or authorized to be levied. In accordance with T.C.A. § 7-3-202, the tax shall not be subject to state or local option taxes under Title 67, Chapter 6.
F. Exemptions. The tax shall not apply to:
1. An event at a municipal stadium for the benefit of a public college or university where the public college or university utilizes the municipal stadium for a majority of its home football games in a particular season;
2. Non-ticketed or complimentary admissions credentials;
3. Re-sales or redistributions of tickets.
4. Tickets for which no monetary consideration is received to the extent the number of such tickets does not exceed the lesser of:
a. Five percent of the total number of tickets offered for sale to the event, or
b. Three thousand two hundred fifty.
(Ord. BL2018-1289 § 2, 2018; Ord. BL2011-40 § 1, 2011; Ord. BL2009-545 § 1, 2009)
