TO: | Honorable Tracy O. King, Chair, House Committee on Agriculture & Livestock |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB505 by Lozano (Relating to the authority of certain counties to impose a hotel occupancy tax for the operation, maintenance, and improvement of a convention center in the county.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2014 | $0 |
2015 | $0 |
2016 | $0 |
2017 | $0 |
2018 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from Bee County |
---|---|
2014 | $566,000 |
2015 | $594,000 |
2016 | $623,000 |
2017 | $654,000 |
2018 | $687,000 |
The bill would amend Chapter 352 of the Tax Code, regarding county hotel occupancy taxes.
The bill would allow a county with a population of less than 50,000 through which the Aransas River flows, and that has a municipality with a population of more than 10,000, to impose a hotel occupancy tax. The bill would require revenue generated from the proposed hotel tax be used to operate, maintain, and improve a convention center in the county.
The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2013.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | UP, SZ, SD, AG
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