BILL ANALYSIS

Senate Research Center	S.B. 345
	By: West
	Natural Resources & Economic Development
	6/7/2017
	Enrolled

AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

Currently, certain municipalities can use tax revenue for the payment of certain hotel-related bonds or other obligations.

S.B. 345 amends Section 351.102, Tax Code, to permit a city with a population of 173,000 or more that is located within two or more counties to utilize the financing permitted by that section for a project on land owned by the federal government.

In conclusion, S.B. 345 enables the City of Grand Prairie to explore economic development opportunities for this growing city and region. (Original Author's / Sponsor's Statement of Intent)

S.B. 345 amends current law relating to the use of tax revenue by certain municipalities for the payment of certain hotel-related bonds or other obligations.

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 351.102(b), Tax Code, to authorize a municipality with a population of 173,000 or more that is located within two or more counties to pledge for the payment of bonds or other obligations the revenue derived from the tax imposed under this chapter (Municipal Hotel Occupancy Taxes) from a hotel project not owned by or located on land owned by the municipality, if the project is located on land that is owned by the federal government and the project is located within 1,000 feet of a convention center facility owned by the municipality.

SECTION 2. Effective date: upon passage or September 1, 2017.

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