Section 7103 - [Effective Until 7/1/2030] Historic Venue Restoration and Resiliency Act(a) For purposes of this section:(1) "City" means a city within the geographic boundaries of a county.(2) "Confirmed historic venue" means a historic venue that has received a confirmation by the department pursuant to subdivision (g).(3) "County" means the County of Alameda, the County of Santa Clara, and the County of Los Angeles.(4) "Fund" means the Historic Venue Restoration and Resiliency Fund created pursuant to subdivision (c).(5) "Historic venue" means a venue in the state that meets all of the following criteria: (A) The venue meets any of the following criteria: (i) The venue contains a structure built before 1940.(ii) The venue contains a structure officially designated by the United States National Park Service or the United States Department of the Interior as a National Historic Landmark.(iii) The venue is located at a site continuously used for live, ticketed events for more than 50 years.(B) The venue has total fixed seating capacity of at least 15,000 people.(C) The venue hosts live entertainment or sporting events.(D) The venue is owned by a public entity.(6) "Qualified event" means a live event at a confirmed historic venue to which tickets are offered for public sale.(b) Notwithstanding any other law, a return filed with the department to report gross receipts for sales tax purposes shall, for each confirmed historic venue, segregate the taxable sales made at a qualified event on a line or a separate form, as prescribed by the department, if the place of sale in this state is on or within the real property of a confirmed historic venue on the day of a qualified event that occurred on or before June 30, 2029.(c)(1) The Historic Venue Restoration and Resiliency Fund is hereby created in the State Treasury.(2) Notwithstanding Section 13340 of the Government Code, moneys in the fund shall be continuously appropriated without regard to fiscal year and allocated pursuant to subdivisions (e) and (f).(d)(1) The department shall, for each confirmed historic venue, report the total amount of taxable sales made at a qualified event that were segregated on the returns filed for the prior fiscal year pursuant to subdivision (b) to the Department of Finance on or before November 1 of each year.(2)(A) The total taxable sales made at a qualified event that were reported pursuant to paragraph (1) shall be subject to review, which may be a review of a sample of returns, by the department for errors.(B) The department shall note any errors identified in the review and the approximate impact of those errors on the total taxable sales made at a qualified event that were in the report to the Department of Finance required by this subdivision to allow an adjusted total taxable sales amount to be determined.(e)(1) An amount equal to 5 percent of the total amount of taxable sales, or adjusted taxable sales, for the prior fiscal year reported to the Department of Finance by the department pursuant to subdivision (d) shall be included in the next annual Governor's Budget for deposit into the fund for the Controller to allocate to cities and counties pursuant to subdivision (f).(2)(A) No later than 15 days after enactment of the annual Budget Act, the Department of Finance shall, for each confirmed historic venue located within the geographic boundaries of a city or county, report to the Controller the amounts to be allocated from the fund to each city and county.(B) The amounts to be allocated pursuant to subparagraph (A) to each city and county shall be in proportion to the taxable sales subject to subdivision (b) derived from qualified events at each confirmed historic venue identified by that city or county.(3) No later than 30 days after the enactment of the annual Budget Act, the amount appropriated by the Legislature to the Controller pursuant to this subdivision shall be transferred by the Controller to the fund.(f)(1) Beginning January 1, 2025, the Controller shall annually allocate, as promptly as feasible, the moneys in the fund to each city or county pursuant to the report required by paragraph (2) of subdivision (e).(2)(A) A city or county shall distribute funds received pursuant to this subdivision only for any of the following purposes and pursuant to subparagraph (B): (i) Capital infrastructure improvements and preservation of a confirmed historic venue.(ii) Preventive maintenance of a confirmed historic venue related to patrons safety.(iii) Technological improvements at a confirmed historic venue.(iv) Security enhancements at a confirmed historic venue.(v) Bringing a confirmed historic venue into compliance with the federal Americans with Disabilities Act of 1990 (42 U.S.C. Sec. 12101 et seq.).(vi) Energy efficiency improvements at a confirmed historic venue.(vii) Upgrades related to implementation of federal and state policies at a confirmed historic venue.(B) A city or county shall distribute funds to each confirmed historic venue within the geographic boundaries of that city or county in accordance with the amounts allocated by the Controller for that purpose pursuant to paragraph (1).(g)(1)(A) A city or county shall identify a historic venue within its jurisdiction to the department, in a form and manner prescribed by the department, for a confirmation as a historic venue.(B)(i) Subject to clause (ii), if the venue identified pursuant to subparagraph (A) is a historic venue, the department shall issue a confirmation to the city or county as promptly as feasible.(ii) The department shall not issue a confirmation pursuant to clause (i) if a city or county is currently receiving revenue transmitted pursuant to subdivision (f) with respect to the historic venue.(2) A city or county, or its designee, that receives a confirmation from the department pursuant to paragraph (1) shall, at least 10 days before a qualified event scheduled to take place at a confirmed historic venue within the geographic boundaries of that city or county, notify any retailers subject to subdivision (b) that the city or county, or its designee, knows, or has reason to know, will be making sales during that qualified event of their reporting obligation pursuant to subdivision (b).(h) On or before November 1 of each year, the department shall deliver a report to the Assembly Committee on Revenue and Taxation and the Senate Committee on Governance and Finance concerning both of the following: (1) The identity of any confirmed historic venue and the city or county that identified that venue pursuant to subdivision (g).(2)(A) The amount of revenue allocated in the preceding fiscal year pursuant to this section to a city or county with respect to each confirmed historic venue.(B) On or before September 1 of each year, the Controller shall provide to the department the information required to be included in the report pursuant to subparagraph (A).(i) This section shall remain operative only until November 1, 2030, and as of that date is repealed.Ca. Rev. and Tax. Code § 7103
Amended by Stats 2024 ch 34 (SB 167),s 14, eff. 6/27/2024.Added by Stats 2023 ch 595 (SB 96),s 2, eff. 1/1/2024.