79R542 DAK-D

By:  Casteel                                                      H.B. No. 777


A BILL TO BE ENTITLED
AN ACT
relating to the allocation of revenue from the state hotel tax for certain purposes in certain municipalities located in counties in a park and recreation district. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter F, Chapter 156, Tax Code, is amended by adding Section 156.2513 to read as follows: Sec. 156.2513. ALLOCATION OF REVENUE: CERTAIN MUNICIPALITIES LOCATED IN COUNTIES IN A PARK AND RECREATION DISTRICT. (a) Not later than the last day of the month following a calendar quarter, the comptroller shall: (1) compute the amount of revenue derived from the collection of taxes imposed under this chapter at a rate of two percent and received from hotels located in a municipality with a population of more than 35,000 located in a county in which a park and recreation district has been created under Chapter 324, Local Government Code; and (2) issue to the municipality a warrant drawn on the general revenue fund in the amount computed under Subdivision (1). (b) A municipality that receives money under this section may use the money only to clean and maintain rivers located within the boundaries of the municipality. SECTION 2. This Act takes effect October 1, 2005.