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 proposes changes to the Shelby County occupancy tax, which currently funds the local convention center and is tied to the existence of an indoor sports facility. The legislation would extend the tax until either a National Basketball Association franchise stops using the facility or June 30, 2050, whichever comes later. Additionally, if the NBA team leaves, the bill directs that 61.25% of the tax revenue go to the convention and visitors bureau while the remaining 38.75% goes to the county for general use. These changes require a two-thirds vote of approval from the Shelby County legislative body to take effect.