BILL ANALYSIS |
C.S.H.B. 2690 |
By: Morrison, Geanie W. |
Ways & Means |
Committee Report (Substituted) |
BACKGROUND AND PURPOSE
Interested parties note that Texas law does not provide a dedicated mechanism to assure continued funding of certain measures to combat coastal erosion. C.S.H.B. 2690 seeks to address this issue by providing for the dedication of two percent of the revenue derived from the hotel occupancy tax levied in certain coastal counties to the coastal erosion response account to benefit those coastal counties.
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CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
C.S.H.B. 2690 amends the Tax Code to require the comptroller of public accounts, not later than September 30 of each state fiscal year beginning with 2020 state fiscal year, to compute the amount of revenue derived from the collection of hotel occupancy taxes at a rate of two percent and received from hotels located in counties adjacent to the Gulf of Mexico or the Corpus Christi Bay during the preceding state fiscal year and to transfer that amount to the coastal erosion response account in the general revenue fund. The bill excludes revenue derived from the collection of hotel occupancy taxes that is placed in a suspense account created for certain qualified hotel projects from that computation and restricts the appropriation of those transferred funds to the General Land Office for a purpose consistent with provisions of the Coastal Public Lands Management Act of 1973 relating to coastal erosion that benefits a coastal county.
C.S.H.B. 2690 amends the Natural Resources Code to make conforming changes.
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EFFECTIVE DATE
September 1, 2017.
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COMPARISON OF ORIGINAL AND SUBSTITUTE
While C.S.H.B. 2690 may differ from the original in minor or nonsubstantive ways, the following comparison is organized and formatted in a manner that indicates the substantial differences between the introduced and committee substitute versions of the bill.
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