This bill enacts the Major Sporting Event Venue Zone Act and related provisions. This bill: - defines terms; - establishes objectives and requirements for a municipality or county to create a major sporting event venue zone to capture property tax increment and sales and use tax increment within a defined area around a major sporting event venue; - defines permitted uses and administration of property tax increment and sales and use tax increment generated pursuant to a major sporting event venue zone; - authorizes a creating entity of a major sporting event venue to impose, under certain circumstances: an accommodation tax within a major sporting event venue zone;a resort communities sales and use tax within a major sporting event venue zone; an additional resort communities sales and use tax within a major sporting event venue zone;if the creating entity is a county, a municipal energy tax within a major sporting event venue zone; andif the creating entity is a county, a municipal telecommunications tax within a major sporting event venue zone; - provides that certain counties of the third class can implement a resort communities tax, the same as if the county of the third class were an eligible municipality; - authorizes a creating entity of a major sporting event venue zone to designate a community reinvestment agency or a public infrastructure district as a fiscal agent for major sporting event venue zone funds; - authorizes a creating entity to enter into an agreement with a person to utilize major sporting event venue zone funds in regard to:owning, leasing, or operating a major sporting event venue; or developing affordable housing in the major sporting event venue zone or impacted primary project area of a major sporting event venue zone; - authorizes a creating entity to utilize major sporting venue zone funds to bond; - requires a municipality or county to submit a major sporting event venue zone proposal to the Governor's Office of Economic Opportunity; - requires the Governor's Office of Economic Opportunity to initiate an analysis of the feasibility of the major sporting event venue zone proposal; - creates and defines the membership of a committee to review a proposed major sporting event venue zone; - requires the committee to evaluate the proposed major sporting event venue zone and, if certain criteria are met, approve the proposal with or without modifications; - requires participation from local taxing entities if the major sporting event venue zone meets statutory requirements; - provides procedures for a major sports event venue that overlaps with a community reinvestment project, a housing and transit reinvestment zone, a first home investment zone, or a revitalization zone; and - makes technical and conforming changes.