1. (a) The fiscal body of the city may adopt an ordinance to impose an excise tax, known as the city admissions tax, for the privilege of attending any event:

   1. (1) held in a facility located within the boundaries of the city and that has a seating capacity of more than forty thousand (40,000); and

   2. (2) to which tickets are offered for sale to the public by:

      1. (A) the box office of the facility; or
      2. (B) an authorized agent of the facility.
2. (b) For purposes of this section, the sale, license, purchase, or transfer of a contractual right to purchase season tickets for a professional sporting event, commonly referred to as a personal seat license, does not constitute a taxable event and is not subject to the city admissions tax, the state gross retail tax under IC 6-2.5-2 , or the state use tax under IC 6-2.5-3 .
3. (c) If the fiscal body of the city adopts an ordinance under subsection (a), it shall immediately send a certified copy of the ordinance to the commissioner of the department of state revenue.
4. (d) If the fiscal body of the city adopts an ordinance under subsection (a) prior to June 1, the city admissions tax applies to admission charges collected after June 30 of the year in which the ordinance is adopted. If the fiscal body of the city adopts an ordinance under subsection (a) of this chapter on or after June 1, the city admissions tax applies to admission charges collected after the last day of the month in which the ordinance is adopted.

As added by P.L.44-2026, SEC.20.