TO: | Honorable Fred Hill, Chair, House Committee on Local Government Ways and Means |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB2162 by McReynolds (Relating to the authority of certain counties to impose a hotel occupancy tax.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2004 | $0 |
2005 | $0 |
2006 | $0 |
2007 | $0 |
2008 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) fromCounty of Tyler |
---|---|
2004 | $27,000 |
2005 | $27,000 |
2006 | $28,000 |
2007 | $29,000 |
2008 | $30,000 |
The bill would amend Chapter 352 of the Tax Code to authorize a county having a population of no more than 21,000, bordering the Neches River, and in which there is located a national preserve, to impose a county hotel occupancy tax.
The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2003.
Based on the bill's eligibility requirements, the county of Tyler would be the only additional county authorized to impose a county hotel occupancy tax.
Under current law, unless otherwise specified, a county that imposes a hotel occupancy tax may not impose the tax at a rate that exceeds seven percent of the price paid for a room.
This analysis assumes the county of Tyler would impose the tax at a rate of seven percent.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JK, WP, SD
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