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House Bill 3042 |
House Author: Oliveira et al. |
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Effective: 9-1-13 |
Senate Sponsor: Lucio |
House Bill 3042 amends the Tax Code to require the comptroller of public accounts, not later than the last day of the month following a calendar quarter, to compute the amount of revenue derived from the collection of state hotel occupancy taxes imposed at a rate of two percent and received from hotels located on barrier islands in a municipality that borders on the Gulf of Mexico, that is located wholly or partly on a barrier island, and the boundaries of which are within 30 miles of the United Mexican States. The bill requires the comptroller to issue to such municipality a warrant drawn on the general revenue fund for that amount, which the municipality may use solely for the limited purposes of public beach cleaning and maintenance and erosion response projects, and prohibits the comptroller from issuing a warrant for an amount that exceeds that amount.