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A BILL TO BE ENTITLED
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AN ACT
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relating to the major events reimbursement program and the events |
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trust fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 478.0107(a) and (b), Government Code, |
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are amended to read as follows: |
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(a) Not later than the 10th month after the last day of an |
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event eligible for disbursements from the fund, using existing |
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resources, the local organizing committee, endorsing municipality, |
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or endorsing county [office] shall complete a study in the market |
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area of the event on the measurable economic impact directly |
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attributable to the preparation for and presentation of the event. |
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(b) The local organizing committee, endorsing municipality, |
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or endorsing county [office] shall post on the committee's, |
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municipality's, or county's [office's] Internet website: |
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(1) the results of the study conducted under |
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Subsection (a), including any source documentation or other |
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information on which the committee, municipality, or county |
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[office] relied for the study; |
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(2) the incremental increase in tax receipts for the |
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event determined under Section 478.0102 and any source |
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documentation or information described by Section 478.0251 on which |
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the office relied to determine that increase; |
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(3) the documentation described by Section |
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478.0101(3); and |
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(4) documentation verifying that: |
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(A) a request submitted under Section 478.0101 is |
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complete and certified as complete by the office; |
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(B) the office considered the information |
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submitted by a local organizing committee, endorsing municipality, |
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or endorsing county to determine the incremental increase in tax |
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receipts under Section 478.0102 as required by Section 478.0102(b); |
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and |
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(C) each deadline established under this chapter |
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was met. |
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SECTION 2. Section 480.0153, Government Code, is amended to |
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read as follows: |
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Sec. 480.0153. OTHER LOCAL MONEY. (a) An [In lieu of the |
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municipal and county tax revenues remitted or retained under |
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Section 480.0152, an] endorsing municipality or endorsing county |
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shall [may] remit to the office for deposit to the events trust fund |
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other local money in an amount equal to the total amount of |
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municipal and county tax revenue determined under Sections |
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480.0102(a)(2)-(5). |
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(b) An endorsing municipality or endorsing county must |
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remit the [other] local money not later than the 90th day after the |
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last day of an event. |
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[(c) For purposes of Section 480.0155, the amount deposited |
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under this section is considered remitted municipal and county tax |
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revenue.] |
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SECTION 3. Section 480.0155(a), Government Code, is amended |
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to read as follows: |
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(a) The comptroller, at the direction of the office, shall |
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transfer to the events trust fund a portion of the state tax revenue |
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in an amount equal to 6.25 multiplied by the amount of the municipal |
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and county tax revenue [retained or] remitted under this chapter, |
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including: |
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(1) local sales and use tax revenue; |
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(2) mixed beverage tax revenue; |
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(3) hotel occupancy tax revenue; and |
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(4) surcharge and user fee revenue. |
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SECTION 4. Section 480.0253, Government Code, is amended to |
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read as follows: |
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Sec. 480.0253. PLEDGE OF SURCHARGES TO GUARANTEE |
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OBLIGATIONS. An endorsing municipality or endorsing county may |
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guarantee its obligations under an event support contract and this |
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chapter by pledging, in addition to the local money [tax revenue] |
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deposited under Section 480.0153 [480.0152], surcharges from user |
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fees charged in connection with the event, including parking or |
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ticket fees. |
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SECTION 5. Section 480.0152, Government Code, is repealed. |
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SECTION 6. This Act takes effect September 1, 2025. |