13-3107 Tax Commissioner; duties; Department of Revenue; rules and regulations.
13-3107. Tax Commissioner; duties; Departmentof Revenue; rules and regulations.(1) If an application is approved, the Tax Commissionershall:(a) Audit orreview audits of the approved eligible sports arena facility to determinethe (i) state sales tax revenue collected by retailers doing business at suchfacility on sales at such facility, (ii) state sales tax revenue collectedon primary and secondary box office sales of admissions to such facility,and (iii) new state sales tax revenue collected by nearby retailers;(b) Certifyannually the amount of state sales tax revenue and new state sales tax revenuedetermined under subdivision (a) of this subsection to the State Treasurer;and(c)Determine if more than one facility is eligible for state assistance fromstate sales tax revenue collected by the same nearby retailers. If the TaxCommissioner has made such a determination, the facility that was first determinedto be eligible for state assistance shall be the only facility eligible toreceive such funds.(2) State sales tax revenue collected by retailers that are doingbusiness at an eligible sports arena facility and new state sales tax revenuecollected by nearby retailers shall be reported on informational returns developedby the Department of Revenue and provided to any such retailers by the facility.The informational returns shall be submitted to the department by the retailerby the twenty-fifth day of the month following the month the sales taxes arecollected. The Tax Commissioner shall use the data from the informationalreturns and sales tax returns of both such categories of retailers and thesports arena facility to determine the appropriate amount of state sales taxrevenue.(3) The Department of Revenue may adopt and promulgate rules andregulations to carry out the Sports Arena Facility Financing Assistance Act. SourceLaws 2010, LB779, § 13.Operative Date: July 1, 2010