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An ordinance amending Chapter 5.16 of the Metropolitan Code to impose a privilege tax upon the sale of goods and services at the National Museum of African American Music to be used for the cost of the museum.
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WHEREAS, Title 67, Chapter 4, Part 30 of the Tennessee Code Annotated (the "Local Tourism Development Zone Business Tax Act") authorizes municipalities, excluding those with a metropolitan form of government, upon approval of an ordinance by a two-thirds majority vote of the municipal legislative body, to levy a privilege tax of up to 5% on the sales price of goods and services sold within a qualified public use facility that is located within a tourism development zone (the "Privilege Tax"); and,
WHEREAS, Tenn. Code Ann. ? 7-88-103(7)(A)(iii) defines "qualified public use facility" as any privately owned or operated tourism attraction involving an aggregate investment of public and private funds in excess of seventy-five million dollars ($75,000,000) that is designed to attract tourists to the state, including a cultural or historical site, a museum, or visitors center; and,
WHEREAS, Public Chapter 1034 (SB2313/HB2448) sponsored by Senators Brenda Gilmore and Jeff Yarbro and Representative Bill Beck was approved by the Tennessee General Assembly and signed into law on May 11, 2022 to enable the Privilege Tax, upon approval by a two-thirds majority vote of the Metropolitan Council at two consecutive regularly scheduled meetings, to be imposed on the sale of goods and services at privately owned or operated museums principally dedicated to the preservation of cultural heritage, achievements, and contributions of minority artists, musicians, composers, or other fine arts practitioners located within a county having a metropolitan form of government; and,
WHEREAS, the National Museum of African American Music ("NMAAM") located at 510 Broadway in downtown Nashville meets the definition of a "qualified public use facility" under Tenn. Code Ann. ? 7-...
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