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Senate Bill 1221 |
Senate Author: Watson et al. |
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Effective: 6-1-17 |
House Sponsor: Hinojosa, Gina |
Senate Bill 1221 amends the Tax Code to require a municipality that imposes a municipal hotel occupancy tax to submit an annual report to the comptroller of public accounts on the rate of the tax and, if applicable, the rate of the hotel occupancy tax imposed by the municipality under statutory provisions relating to sports and community venues; the amount of revenue collected during the municipality's preceding fiscal year from such taxes; and the amount and percentage of municipal hotel occupancy tax revenue allocated by the municipality to certain specified uses that promote tourism and the convention and hotel industry during the municipality's preceding fiscal year.