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Amend CSSB 1466 as follows:
1) Insert the following new SECTION where appropriate and
number accordingly:
SECTION ____. Section 351.002 Tax Code is amended by adding
a new Subdivision (11) to read as follows:
(11) "Eligible collegiate municipality" means a
municipality with a population of 195,000 or more that includes in
its corporate limits an institution of higher education (as defined
in Section 61.003(8), Texas Education Code) that offers a degree in
the field of hospitality and tourism. In an "eligible collegiate
municipality," the term "convention center facilities" or
"convention center complex" means such term as defined in Section
351.001(2) or civic centers, civic center buildings, auditoriums,
exhibition halls, and coliseums that are owned by the municipality
or other governmental entity or that are managed in part by the
municipality, hotels owned by the municipality, a nonprofit
municipally sponsored local government corporation created under
Chapter 431 Texas Transportation Code, or a nonprofit corporation
created in conformity with Section 509(a)(3) of the United States
Internal Revenue Code, that are in the proximity of the campus of
the institution of higher education and are within 2500 feet of an
auditorium/coliseum complex owned by the municipality. The term
includes parking areas or facilities that are for the parking or
storage of conveyances and that are located at or in the vicinity of
other convention center facilities."
(2) Insert the following new SECTION where appropriate and
number accordingly:
SECTION ____. Section 351.102(b), Tax Code is amended to
read as follows:
(b) An eligible central municipality or an eligible
collegiate municipality may pledge the revenue derived from the tax
imposed under this chapter from a hotel project that is owned by or
located on land owned by the municipality or by a nonprofit
corporation acting on behalf of an eligible central municipality or
an eligible collegiate municipality and that is located within
1,000 feet of a convention center facility owned by the
municipality or located as otherwise provided in Sec. 351.001(11)
of the Tax Code for the payment of bonds or other obligations issued
or incurred to acquire, lease, construct, and equip the hotel and
any facilities ancillary to the hotel, including shops and parking
facilities. For bonds or other obligations issued under this
subsection, an eligible central municipality or an eligible
collegiate municipality may only pledge revenue or other assets of
the hotel project benefitting from those bonds or other
obligations."
(3) Insert the following new SECTION where appropriate and
number accordingly:
SECTION ____. Section 1504.001(b), Government Code by
revising Subsection (b) to read as follows:
(b) An eligible central municipality or an eligible
collegiate municipality, as defined by Section 351.001, Tax Code,
may establish, acquire, lease as lessee or lessor, construct,
improve, enlarge, equip, repair, operate, or maintain a hotel, and
any facilities ancillary to the hotel, including shops and parking
facilities, that are owned by or located on land owned by the
municipality or by a nonprofit corporation acting on behalf of the
municipality, and that is located within 1,000 feet of a convention
center facility owned by the municipality or located as otherwise
provided in Sec. 351.001(11), Tax Code."
(4) Insert the following new SECTION where appropriate and
number accordingly:
SECTION ____. Section 2303.003(8), Government Code is
amended by striking the period at the end of subdivision (8) and
inserting the following:
or as otherwise defined in Sec. 351.001(11), Tax Code."
(5) Insert the following new SECTION where appropriate and
number accordingly:
SECTION ____. Section 2303.5055(b), Government Code is
amended to read as follows:
(b) A municipality with a population of 1,500,000 or more or
an eligible collegiate municipality as defined in Sec. 351.001, Tax
Code may agree to guarantee from hotel occupancy taxes the bonds or
other obligations of a municipally sponsored local government
corporation created under the Texas Transportation Corporation Act
(Article 15281, Vernon's Texas Civil Statutes) or a nonprofit
corporation created in conformity with 509(a)(3) of the United
States Internal Revenue Code that were issued or incurred to pay the
cost of construction, remodeling, or rehabilitation of a qualified
hotel project.