Shelby County - Subject to local approval, changes the allocation of the revenue from the privilege tax on occupancy in a hotel. - Amends Chapter 131 of the Private Acts of 1969; as amended.

This bill proposes changing how revenue from Shelby County's hotel occupancy tax is distributed, requiring local approval from the Shelby County legislative body to take effect. Starting in Fiscal Year 2026, the funds would be split between the Convention and Visitors Bureau and the county to cover debt payments and operating costs for a new sports arena. The plan includes specific percentages for each recipient, a mechanism to refund the county if tax revenues fall short of required amounts, and two new seats on the Convention and Visitors Bureau board for county officials.