| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the authority of certain municipalities to receive |
|
|
certain tax revenue derived from certain establishments related to |
|
|
a hotel and convention center project and to pledge certain tax |
|
|
revenue for the payment of obligations related to the project. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Sections 351.157(b), (c), and (e), Tax Code, are |
|
|
amended to read as follows: |
|
|
(b) This section applies only to: |
|
|
(1) a municipality described by Section 351.152(3); |
|
|
(2) a municipality described by Section 351.152(6); |
|
|
(3) a municipality described by Section 351.152(7); |
|
|
(4) a municipality described by Section 351.152(10); |
|
|
(4-a) a municipality described by Section |
|
|
351.152(14); |
|
|
(5) a municipality described by Section 351.152(16); |
|
|
(6) a municipality described by Section 351.152(22); |
|
|
(7) a municipality described by Section 351.152(25); |
|
|
(8) a municipality described by Section 351.152(34); |
|
|
(9) a municipality described by Section 351.152(35); |
|
|
(10) a municipality described by Section 351.152(36); |
|
|
and |
|
|
(11) a municipality described by Section 351.152(38). |
|
|
(c) A municipality is entitled to receive revenue under |
|
|
Subsection (d) derived from the following types of establishments |
|
|
that meet the requirements of Subsections (a)(1), (2), (3), and |
|
|
(4): |
|
|
(1) for a municipality described by Subsection (b)(1): |
|
|
(A) restaurants, bars, and retail |
|
|
establishments; and |
|
|
(B) swimming pools and swimming facilities owned |
|
|
or operated by the related qualified hotel; |
|
|
(2) for a municipality described by Subsection (b)(2), |
|
|
restaurants, bars, and retail establishments; |
|
|
(3) for a municipality described by Subsection (b)(3), |
|
|
restaurants, bars, and retail establishments; |
|
|
(4) for a municipality described by Subsection (b)(4): |
|
|
(A) restaurants, bars, and retail |
|
|
establishments; and |
|
|
(B) swimming pools and swimming facilities owned |
|
|
or operated by the related qualified hotel; |
|
|
(4-a) for a municipality described by Subsection |
|
|
(b)(4-a): |
|
|
(A) restaurants, bars, and retail |
|
|
establishments; and |
|
|
(B) swimming pools and swimming facilities owned |
|
|
or operated by the related qualified hotel; |
|
|
(5) for a municipality described by Subsection (b)(5), |
|
|
restaurants, bars, and retail establishments; |
|
|
(6) for a municipality described by Subsection (b)(6), |
|
|
restaurants, bars, and retail establishments; |
|
|
(7) for a municipality described by Subsection (b)(7), |
|
|
restaurants, bars, and retail establishments; |
|
|
(8) for a municipality described by Subsection (b)(8), |
|
|
restaurants, bars, and retail establishments; |
|
|
(9) for a municipality described by Subsection (b)(9), |
|
|
restaurants, bars, and retail establishments; |
|
|
(10) for a municipality described by Subsection |
|
|
(b)(10): |
|
|
(A) restaurants, bars, and retail |
|
|
establishments; and |
|
|
(B) swimming pools and swimming facilities owned |
|
|
or operated by the related qualified hotel; and |
|
|
(11) for a municipality described by Subsection |
|
|
(b)(11): |
|
|
(A) restaurants, bars, and retail |
|
|
establishments; and |
|
|
(B) swimming pools and swimming facilities owned |
|
|
or operated by the related qualified hotel. |
|
|
(e) A municipality to which this section applies is not |
|
|
entitled to receive revenue under Subsection (d) unless the |
|
|
municipality commences a qualified project under this subchapter |
|
|
before September 1, 2027 [2023]. |
|
|
SECTION 2. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2021. |