The bill would amend Chapter 334 of the Local Government Code, relating to Sports and Community Venues.
The bill would add Section 334.2519 to authorize a county to use county hotel tax under this chapter to acquire, construct, improve, and equip a venue project that is an exposition center that is located in a municipality with a population of 750,000 or more that is located in a county with a population of 1.5 million or less.
The bill would amend Section 334.257 of the Local Government Code to authorize a municipality with a population of 750,000 or more that is located in a county with a population of 1.5 million or less to impose a municipal hotel occupancy tax relating to sport and community venues until the earlier of the date on which all bonds and other obligations have been paid in full, the date on which the municipality has collected the amount of money attributable to the tax imposed under the subchapter that is sufficient to pay in full the bonds and other obligations, or the date on which the total amount of money necessary to pay the bonds and other obligations has been set aside by the municipality in a trust dedicated to the payment of those obligations.
The provisions of the bill related to the county hotel occupancy tax apply to Travis County. The provisions of the bill related to the municipal hotel occupancy tax apply to Austin.