82R10925 CJC-F
 
  By: Anchia H.B. No. 3341
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the rebate, refund, or payment of tax proceeds to a
  qualified hotel project.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2303.5055, Government Code, is amended
  by amending Subsection (a) and adding Subsection (f) to read as
  follows:
         (a)  For a period that may not exceed 10 years, a
  governmental body, including the state or a municipality, county,
  or political subdivision of this state, may agree to rebate,
  refund, or pay eligible taxable proceeds to the owner of a qualified
  hotel project at which the eligible taxable proceeds were
  generated.
         (f)  Notwithstanding any other law, the comptroller shall
  deposit eligible taxable proceeds that were collected by or
  forwarded to the comptroller in relation to a qualified hotel
  project and to which the project is entitled in trust in a separate
  suspense account of the project. A suspense account is outside the
  state treasury, and the comptroller may make a rebate, refund, or
  payment authorized by this section without the necessity of an
  appropriation. The comptroller shall rebate, refund, or pay to
  each qualified hotel project the hotel occupancy taxes and sales
  and use taxes to which the project is entitled under this section at
  least monthly. The comptroller shall rebate, refund, or pay mixed
  beverage taxes at least quarterly.
         SECTION 2.  Section 151.429(h), Tax Code, is amended to read
  as follows:
         (h)  Notwithstanding the other provisions of this section,
  the owner of a qualified hotel project shall receive a rebate,
  refund, or payment of 100 percent of the sales and use taxes paid or
  collected by the qualified hotel project or businesses located in
  the qualified hotel project pursuant to this chapter and 100
  percent of the hotel occupancy taxes paid by persons for the use or
  possession of or for the right to the use or possession of a room or
  space at the qualified hotel project pursuant to the provisions of
  Chapter 156 during the first 10 years after such qualified hotel
  project is open for initial occupancy. The comptroller shall
  deposit and rebate, refund, or pay the taxes described by this
  subsection as provided by Section 2303.5055(f), Government Code.
         SECTION 3.  Section 351.102, Tax Code, is amended by adding
  Subsection (d) to read as follows:
         (d)  The comptroller shall deposit and rebate, refund, or pay
  the taxes described by Subsection (c) that are collected by or
  forwarded to the comptroller as provided by Section 2303.5055(f),
  Government Code.
         SECTION 4.  This Act takes effect September 1, 2011.