Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3615 by Isaac (Relating to the use of hotel occupancy tax revenues in certain municipalities.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would amend Subsection 351.101(a) of the Tax Code, regarding the use of municipal hotel tax revenue, to authorize a municipality with a population of at least 40,000 and through which the San Marcos River flows to use municipal hotel tax revenue for the enhancement of sports facilities.
Local Government Impact
According to the Comptroller of Public Accounts, the city of San Marcos would be affected by the bill's provisions. For an applicable municipality, an additional usage of hotel occupancy tax revenue would have no direct fiscal impact, although indirectly, it could create a savings if another revenue source had been used for the enhancement of sports facilities.