Taxes, Sales - As enacted, authorizes an entity designated to operate a stadium designed to host games of an intercollegiate football team that competes in the NCAA Division I Football Championship Subdivision (FCS) to receive a special allocation of state and local sales tax revenue derived from the sale of admission to events occurring within the stadium and from all sales of food, drinks, merchandise, and parking sold on the premises of the stadium to fund capital and operation expenses for the stadium. - Amends TCA Title 67, Chapter 6.

SB 211 would allocate state and local sales tax revenue from a specific stadium to its operator. The bill targets a stadium in a county with a 2020 census population of 366,200-366,300 that hosts NCAA FCS football, soccer, and other events. Revenue from admissions, food/drinks, merchandise, parking, and related services (excluding school-focused local taxes) would fund the stadium’s capital projects and operations. This allocation would continue until the stadium’s debt is paid off or July 1, 2055, whichever comes first. The bill applies only to the entity designated to operate the stadium.