Amend Floor Amendment No. 1 by Otto to CSHB 1, by adding the following:
On page I-58 of the Trusteed Programs Within the Office of the Governor bill pattern add the following appropriately numbered riders:
____. Contingency Appropriations for the Moving Image Industry Incentive Program. Included in amounts appropriated above is $11,000,000 in general revenue in each fiscal year of the 2016-17 biennium, in Strategy A.1.4, Film and Music Marketing, to for the Moving Image Industry Incentive Program (MIIIP) as authorized under Chapter 485, Government Code, contingent upon sufficient revenue certified by the Comptroller of Public Accounts. The Comptroller must certify that sufficient revenue is generated from the moving image industry in Texas to offset the cost of the appropriations, including but not limited to tax revenues generated from wages paid to industry employees, new jobs created in the state, and other non-tax exempt taxes paid by the industry to the state's general revenue fund and other funds, as appropriate.
____. Contingency Appropriation for Film and Music Marketing. Included in amounts appropriated above, contingent on a projection by the Comptroller of Public Accounts that the collection of the Hotel Occupancy Tax will be in excess of $559,000,000 in fiscal year 2016 and in excess of $592,000,000 in fiscal year 2017, as contained in the Comptroller of Public Accounts' January 2015 Biennial Revenue Estimate for the 2016-17 biennium, is excess Hotel Occupancy Tax revenue, not to exceed $20,833,176 out of general revenue, in each fiscal year of the 2016-17 biennium, to Strategy C.1.3, Film and Music Marketing for grants.
A finding of fact shall be issued, and the Legislative Budget Board and the Governor's Office of Budget Planning and Policy shall be notified, by the Comptroller of Public Accounts if it projects the collection of the Hotel Occupancy Tax will be in excess of the amounts contained in the January 2015 Biennial Revenue Estimate for the 2016-17 biennium, for fiscal years 2016 and 2017 respectively.