Convention Center Facility Financing Assistance Act
A Nebraska political subdivision could have applied for state financial assistance to help acquire, construct, improve, equip, or finance a temperature-controlled convention center, meeting center, or sports arena, through December 31, 2012. Because no further applications for state assistance can be received, the only political subdivisions receiving state assistance, or turnback, under this Act are the City of Omaha for the CenturyLink Center, and the City of Lincoln for the Pinnacle Bank Arena. The turnback is equal to 70% of state sales tax collected by retailers on the premises of or delivered to the convention center, meeting center, or sports arena, on ticket sales for events in these facilities, and by hotels located within 200 yards of the CenturyLink Center or 450 yards of the Pinnacle Bank Arena. See Neb. Rev. Stat. §§ 13-2601 to 13-2613.
- Every person collecting and reporting sales tax for taxable sales or services made on the premises of or delivered to the CenturyLink Center or Pinnacle Bank Arena must remit this form.
For additional information regarding the Convention Center Facility Financing Assistance Act, please contact Marin Hacker at 402-471-5885 or firstname.lastname@example.org.