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Senate Bill 440 |
Senate Author: Rodríguez |
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Effective: 5-29-17 |
House Sponsor: Nevárez |
Senate Bill 440 amends the Tax Code to authorize the City of Marfa to use municipal hotel occupancy tax revenue to improve or expand the Marfa Municipal Airport in an amount each fiscal year of no more than 15 percent of the hotel occupancy tax revenue collected by the city during that year and a total amount of no more than the amount of revenue in the city that is likely to be reasonably attributable to guests traveling through the airport during the 15-year period beginning on the date the city first uses tax revenue to improve or expand the airport.