§2740.70.8. Certain parishes; rebate of sales taxes

            A. The governing authority of a parish with a population of more than four hundred fifty thousand according to the most recent federal decennial census may, subject to the requirements of Subsection B of this Section, rebate revenue from sales and use taxes that the governing authority levies that was collected on the sale of admission tickets to an event that meets one of the following criteria:

            (1) The event was held in a publicly owned facility that has a seating capacity of at least seven thousand five hundred.

            (2) The event was held for two or more days, and average daily attendance was at least seven thousand five hundred.

            B. The governing authority shall not rebate sales and use tax revenue pursuant to this Section unless the governing authority of the parish convention and visitors bureau, however the bureau is styled in the particular parish, recommends the rebate and the parish governing authority approves the rebate prior to the commencement of ticket sales for the event.

            C. The parish governing authority shall rebate revenue pursuant to this Section within ninety days after it receives sufficient proof of entitlement to the rebate.

            D. For purposes of this Section, "rebate" as a noun means a payment to the promoter of the event, and "rebate" as a verb means to pay to the promoter of the event.

            Acts 2024, No. 387, §1.