Amendment No. 704

Senate Amendment to Senate Bill No. 477 First Reprint (BDR 20-1641)

Proposed by: Senator Washington

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

ASSEMBLY ACTION Initial and Date | SENATE ACTION Initial and Date

Adopted Lost | Adopted Lost

Concurred In Not | Concurred In Not

Receded Not | Receded Not

Amend sec. 2, page 3, by deleting lines 6 and 7 and inserting:

"3. The remainder of the proceeds of the tax, if any, after the amounts described in subsections 1 and 2 are set aside for use pursuant to those subsections, must be paid to the City Council of the City of Sparks on the dates and in the amounts set forth in this subsection to be used by the City Council and the Sparks Tourism and Marketing Committee for the marketing and promotion of tourism in the City of Sparks and for the maintenance of capital improvements within redevelopment areas in the City of Sparks:

(a) On July 1, 2000, an amount not to exceed $100,000.

(b) On July 1, 2001, an amount not to exceed $100,000.

(c) On July 1, 2002, an amount not to exceed $200,000.

(d) On July 1, 2003, an amount not to exceed $200,000.

(e) On July 1, 2004, an amount not to exceed $250,000.

(f) On July 1, 2005, an amount not to exceed $250,000.

(g) On July 1, 2006, an amount not to exceed $350,000.

(h) On July 1, 2007, and each year thereafter, an amount equal to the sum of $350,000 plus an additional amount equal to $350,000 multiplied by the percentage by which the proceeds of the tax imposed pursuant to section 1 of this act increased during the immediately preceding 12-month period, if any.

4. The remainder of the proceeds of the tax, if any, after the amounts described in subsections 1, 2 and 3 are set aside for use pursuant to those".

Amend sec. 4, page 4, by deleting lines 2 through 4 and inserting:

"applicable penalty or interest must be paid to the City Council of the City of Sparks to be used by the City Council and the Sparks Tourism and Marketing Committee for the marketing and promotion of tourism in the City of Sparks and for the maintenance of capital improvements within redevelopment areas in the City of Sparks.".

Amend sec. 5, page 4, by deleting lines 8 through 11 and inserting:

"Sec. 5. 1. The Sparks Tourism and Marketing Committee, consisting of three members, is hereby created. The".