Venue Tax Special Election, Proposition A -

Summary

Authorizing Lubbock County to develop a new multipurpose arena with adjacent facilities and any related infrastructure ('the Venue Project') in Lubbock County that is capable of hosting a variety of events, including, but not limited to concerts, family shows, sporting events, community and high school sporting events and ceremonies, rodeos and other agricultural and equestrian shows, and to impose a short term motor vehicle rental tax at a rate not to exceed five percent (5%) of the gross receipts from the rental of a motor vehicle in Lubbock County, and a tax on the occupancy of a room in a hotel within the County at a rate not to exceed two percent (2%) of the price paid for the room, for the purpose of financing the Venue Project. If approved, the maximum hotel occupancy tax rate imposed from all sources in Lubbock County would be 15 percent (15%) of the price paid for a room in a hotel.