Shelby County - Subject to local approval, changes the conditions under which the occupancy tax will no longer be levied; changes the allocation of the revenue from the occupancy tax if the tenant of the indoor sports facility no longer occupies such facility. - Amends Chapter 131 of the Private Acts of 1969; as amended.

This bill modifies the rules for the Shelby County occupancy tax, which currently funds the local convention and visitors bureau. It changes the condition for ending the tax from the payoff of construction bonds to the departure of a National Basketball Association franchise from an indoor sports facility, with a final deadline of June 30, 2050. Additionally, the bill updates how tax money is split if the NBA team leaves, directing 61.25% to the visitors bureau and 38.75% to the county. Crucially, these changes only take effect if a two-thirds vote of the Shelby County legislative body approves them.