LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 24, 1995 TO: Honorable John T. Montford, Chair IN RE: Senate BillNo. 1629 Committee on Finance By: Henderson Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 1629 (Relating to tax rebates for qualified hotel projects.) this office has determined the following: This bill would amend the Tax Code to increase the period of eligibility for rebates or refunds of sales and use taxes and hotel occupancy taxes for qualified enterprise hotel projects as defined in the Texas Enterprise Zone Act. The period of eligibility for rebates or refunds from these taxes would be increased to 10 years from the 7 years stipulated in current law. Since the current law period of 7 years became effective in fiscal year 1994, the change proposed by this bill would only affect fiscal years beginning with 2001. There would be no fiscal impact to the state or units of local government through 2000, however the fiscal impact after 2000 cannot be determined. Source: Comptroller of Public Accounts LBB Staff: JK, SM, DF