SENATE BILL 1315 |
SENATE AUTHOR: Staples |
EFFECTIVE: 06-13-01 |
HOUSE SPONSOR: Christian |
Senate Bill 1315 amends the Tax Code to expand the purposes for which revenue from the municipal sales and use tax may be used. For a municipality located in a county with a population of 65,000 or less, the bill authorizes revenue use to include the payment of expenses directly related to a sporting event in which a majority of the participants are tourists who substantially increase economic activity at hotels and motels within the municipality or its vicinity.