Convention Center Investment Amendments

SB 306 amends Utah tax codes to redirect existing sales and use tax revenue toward revitalizing convention centers, primarily affecting municipalities hosting such facilities. Key provisions include changing how .25% county sales taxes can be used for convention center projects, adjusting the distribution of the Hotel Impact Mitigation Fund, and transferring control of a state highway portion to a local municipality. The bill uses existing tax revenue streams without new appropriations, focusing on financing upgrades to support convention center operations. It directly impacts local governments managing convention centers and the hotel industry through revised fund allocation rules. The changes aim to streamline funding for convention center revitalization while updating related tax distribution mechanisms.