By:  Henderson                                        S.B. No. 1629
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to tax rebates for qualified hotel projects.
    1-3        SECTION 1.  Section 151.429(h), Tax Code, is amended to read
    1-4  as follows:
    1-5        (h)  Notwithstanding the other provisions of this section,
    1-6  the owner of a qualified hotel project shall receive a rebate,
    1-7  refund, or payment of 100 percent of the sales and use taxes paid
    1-8  or collected by the qualified hotel project or businesses located
    1-9  in the qualified hotel project pursuant to this chapter and 100
   1-10  percent of the hotel occupancy taxes paid by persons for the use or
   1-11  possession of or for the right to the use or possession of a room
   1-12  or space at the qualified hotel project pursuant to the provisions
   1-13  of Chapter 156 during the first <seven> ten years after such
   1-14  qualified hotel project is open for initial occupancy.
   1-15        SECTION 2.  The importance of this legislation and the
   1-16  crowded condition of the calendars in both houses create an
   1-17  emergency and an imperative public necessity that the
   1-18  constitutional rule requiring bills to be read on three several
   1-19  days in each house be suspended, and this rule is hereby suspended,
   1-20  and that this Act take effect and be in force from and after its
   1-21  passage, and it is so enacted.