House Bill No. [insert number] enacts R.S. 33:2740.70.6, which allows the governing authority of parishes with populations exceeding 450,000 to rebate sales and use tax revenue collected from admission ticket sales for specific events. The events eligible for this rebate must either be held in a publicly owned facility with a seating capacity of at least 7,500 or span two or more days with an average daily attendance of at least 7,500. The bill stipulates that the rebate can only occur if the local convention and visitors bureau recommends it and the parish governing authority approves the rebate before ticket sales begin.

Additionally, the bill mandates that the parish governing authority must process the rebate within ninety days of receiving adequate proof of entitlement. It defines "rebate" as a payment to the event promoter, clarifying its use as both a noun and a verb. This legislation aims to enhance the financial support for large events in certain parishes, potentially boosting local economies through increased tourism and attendance.