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Amend HB 2445 by adding the following appropriately numbered SECTIONS to the bill and renumbering the subsequent SECTIONS of the bill appropriately:
SECTION ___. Section 33.604(b), Natural Resources Code, is amended to read as follows:
(b) The account consists of:
(1) all money appropriated for the purposes of this subchapter;
(2) grants to this state from the United States for the purposes of this subchapter;
(3) all money received by this state from the sale of dredged material; [and]
(4) penalties or costs collected under Section 61.0184 or 63.1814; and
(5) money transferred to the account under Section 156.252, Tax Code.
SECTION ___. Subchapter F, Chapter 156, Tax Code, is amended by adding Section 156.252 to read as follows:
Sec. 156.252. ALLOCATION OF CERTAIN REVENUE TO BENEFIT COASTAL COUNTIES. (a) In this section, "coastal county" means any county adjacent to:
(1) the Gulf of Mexico; or
(2) Corpus Christi Bay.
(b) Beginning with the state fiscal year beginning September 1, 2019, and except as provided by Subsection (d), the comptroller shall, not later than September 30 of each state fiscal year:
(1) compute the amount of revenue derived from the collection of taxes imposed under this chapter at a rate of two percent and received from hotels located in coastal counties during the preceding state fiscal year; and
(2) transfer that amount to the coastal erosion response account created under Section 33.604, Natural Resources Code.
(c) Revenue transferred under this section may be appropriated only to the General Land Office for a purpose consistent with Subchapter H, Chapter 33, Natural Resources Code, that benefits a coastal county.
(d) Revenue derived from the collection of taxes under this chapter that is placed in a suspense account under Section 151.429(h) or under Section 2303.5055(f), Government Code, is excluded from the computation required by Subsection (b)(1).