Honorable Phil King, Chair, Senate Committee on Economic Development
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB913 by Blanco (Relating to the use of hotel occupancy tax revenue by certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
Local Government Impact
The bill would repeal the provisions regarding the allocation of municipal hotel occupancy tax collections in a municipality that is the largest municipality in a county that borders the United Mexican States and in which there is located a national park of more than 400,000 acres. Under current law at least 50 percent of collections must be spent on advertising and promotional programs to attract tourists; not more than 15 percent may be used for the encouragement, promotion, improvement, and application of the arts; and not more than 15 percent may be used for historical restoration and preservation.