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House Bill 1494 |
House Author: Morrison, Geanie W. |
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Effective: 6-1-17 |
Senate Sponsor: Kolkhorst |
House Bill 1494 amends the Tax Code to authorize the City of Rockport to use not more than 30 percent of the revenue derived from the municipal hotel occupancy tax for the encouragement, promotion, improvement, and application of the arts. If the city spends more than 15 percent of the hotel occupancy tax revenue collected by the city in a fiscal year for those purposes, the city may not in that fiscal year reduce the percentage of hotel occupancy tax revenue that the city spends for the purpose of advertising and conducting solicitations and promotional programs to attract tourists and convention delegates or registrants to the city or its vicinity to a percentage that is less than the average percentage of hotel occupancy tax revenue spent by the city for that purpose during the 36-month period preceding that fiscal year. If the increase in the amount of revenue attributable to the expenditure on the arts is less than the increase in the city's expenditure on the arts, the city is required to reimburse to the hotel occupancy tax revenue fund 50 percent of the difference between those amounts.