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A BILL TO BE ENTITLED
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AN ACT
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relating to the imposition and use of the municipal hotel occupancy |
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tax by certain eligible central municipalities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 351.001(7), Tax Code, is amended to read |
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as follows: |
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(7) "Eligible central municipality" means: |
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(A) a municipality with a population of more than |
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140,000 but less than 1.5 million that is located in a county with a |
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population of one million or more and that has adopted a capital |
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improvement plan for the construction or expansion of a [an
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existing] convention center facility; [or] |
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(B) a municipality with a population of 250,000 |
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or more that: |
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(i) is located wholly or partly on a barrier |
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island that borders the Gulf of Mexico; |
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(ii) is located in a county with a |
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population of 300,000 or more; and |
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(iii) has adopted a capital improvement |
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plan to expand an existing convention center facility; or |
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(C) a municipality with a population of 116,000 |
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or more that: |
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(i) is located in two counties both of which |
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have a population of 660,000 or more; and |
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(ii) has adopted a capital improvement plan |
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for the construction or expansion of a convention center facility. |
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SECTION 2. Section 351.102(b), Tax Code, is amended to read |
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as follows: |
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(b) An eligible central municipality or a municipality with |
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a population of 173,000 or more that is located within two or more |
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counties may pledge the revenue derived from the tax imposed under |
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this chapter from a hotel project that is owned by or located on |
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land owned by the municipality or, in an eligible central |
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municipality, by a nonprofit corporation acting on behalf of an |
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eligible central municipality, and that is located within 1,000 |
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feet of a convention center facility owned by the municipality for |
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the payment of bonds or other obligations issued or incurred to |
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acquire, lease, construct, and equip the hotel and any facilities |
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ancillary to the hotel, including convention center |
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entertainment-related facilities, multi-purpose performance |
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facilities, meeting spaces, public spaces, including open public |
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spaces used for connectivity, plazas, restaurants, shops, street |
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and water and sewer infrastructure, and parking facilities within |
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1,000 feet of the hotel or convention center facility. For bonds |
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or other obligations issued under this subsection, an eligible |
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central municipality or a municipality with a population of 173,000 |
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or more that is located within two or more counties may only pledge |
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revenue or other assets of the hotel project benefiting from those |
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bonds or other obligations. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |