Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB4187 by Raney (Relating to the use of revenue from municipal hotel occupancy taxes for a sports facility or field in certain municipalities.), As Engrossed
No fiscal implication to the State is anticipated.
Local Government Impact
The bill would amend Chapter 351 of the Tax Code, regarding municipal hotel occupancy taxes.
The bill would amend Section 351.1078 to include additional reporting, planning, and internet website publication requirements for certain municipalities using hotel tax revenues for certain purposes.
The bill would also require a municipality to develop and implement a plan to increase hotel area revenue if the total amount of area hotel tax revenue that is attributable to sporting events held at the facility or field since active construction or expansion of the facility or field was completed is less than the total amount of municipal hotel occupancy tax revenue spent by the municipality to construct, operate, or expand the facility or field.
The bill would have no fiscal impact on the state, but might affect municipalities use of their tax revenue collections.
This bill would take effect immediately if it receives a vote of two-thirds of all the members elected to each house; otherwise it would take effect September 1, 2017.