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House Bill 1915 |
House Author: Herrero et al. |
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Effective: 10-1-15 |
Senate Sponsor: Hinojosa et al. |
House Bill 1915 amends the Tax Code to include as an authorized use of state hotel occupancy tax revenue received by an eligible barrier island coastal municipality the cleaning and maintenance of bay shores owned by that municipality or leased by that municipality from the state. The bill includes the cities of Corpus Christi, Quintana, and Surfside Beach as eligible barrier island coastal municipalities and sets the allocation of hotel occupancy tax revenue for all eligible barrier island coastal municipalities at an amount based on a tax rate of two percent, which serves to increase the allocation provided to the City of Port Aransas. The bill also excludes from the allocation of hotel occupancy tax revenue to eligible barrier island coastal municipalities revenue derived from the collection of taxes from certain qualified hotel projects.