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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of revenue from the municipal hotel |
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occupancy tax by certain municipalities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 351.1077, Tax Code, is amended by |
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amending Subsection (f) and adding Subsection (g) to read as |
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follows: |
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(f) A municipality that spends more than 15 percent of the |
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hotel occupancy tax revenue collected by the municipality in a |
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fiscal year for a purpose described by Section 351.101(a)(4) may |
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not in that fiscal year reduce the percentage of hotel occupancy tax |
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revenue that the municipality spends for a purpose described by |
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Section 351.101(a)(3) to a percentage that is less than the |
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percentage of hotel occupancy tax revenue spent by the municipality |
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for that purpose during the municipality's 2011-2012 fiscal year. |
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(g) This section expires September 1, 2026 [2022]. |
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SECTION 2. The change in law made by this Act to Section |
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351.1077(f), Tax Code, applies only to a municipal fiscal year that |
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begins on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2013. |