Bill Text: TX HB4090 | 2023-2024 | 88th Legislature | Comm Sub
Bill Title: Relating to the use of revenue attributable to the imposition of a hotel occupancy tax by certain counties for certain venue projects and the period for which certain hotel occupancy taxes may be imposed.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2023-05-12 - Postponed 6/1/23 10:00 AM [HB4090 Detail]
Download: Texas-2023-HB4090-Comm_Sub.html
| 88R25205 SRA-F | |||
| By: Troxclair, Spiller, Stucky, | H.B. No. 4090 | ||
| Harris of Anderson, Harris of Williamson | |||
| Substitute the following for H.B. No. 4090: | |||
| By: Craddick | C.S.H.B. No. 4090 | ||
|
|
||
|
|
||
| relating to the use of revenue attributable to the imposition of a | ||
| hotel occupancy tax by certain counties for certain venue projects | ||
| and the period for which certain hotel occupancy taxes may be | ||
| imposed. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 334.2515, Local Government Code, is | ||
| amended to read as follows: | ||
| Sec. 334.2515. APPLICATION. Except as provided by | ||
| Sections 334.2516, [ |
||
| does not apply to the financing of a venue project that is: | ||
| (1) an area described by Section 334.001(4)(C); | ||
| (2) an area or facility that is part of a municipal | ||
| parks and recreation system as described by Section 334.001(4)(D); | ||
| (3) a project described by Section 334.001(4)(E), | ||
| except for a project described by Section 334.001(4)(A); or | ||
| (4) a facility described by Section 334.001(4)(G). | ||
| SECTION 2. Subchapter H, Chapter 334, Local Government | ||
| Code, is amended by adding Section 334.2519 to read as follows: | ||
| Sec. 334.2519. USE OF REVENUE FOR CERTAIN VENUE PROJECTS. | ||
| (a) This section applies only to a venue project that is an | ||
| exposition center and is located in a municipality: | ||
| (1) with a population of 750,000 or more; and | ||
| (2) that is primarily located in a county with a | ||
| population of 1.5 million or less. | ||
| (b) A county may use revenue under this subchapter to | ||
| acquire, construct, improve, and equip a venue project to which | ||
| this section applies and related infrastructure to be constructed | ||
| on real property described by Section 334.2515(2). In addition, the | ||
| county may pledge the revenue to the payment of bonds or other | ||
| obligations the county issues to finance the venue project | ||
| infrastructure. | ||
| SECTION 3. Section 334.257, Local Government Code, is | ||
| amended by adding Subsection (c) to read as follows: | ||
| (c) This subsection applies only to a municipality with a | ||
| population of 750,000 or more that is primarily located in a county | ||
| with a population of 1.5 million or less. Notwithstanding | ||
| Subsection (b), a municipality to which this section applies may | ||
| impose a tax under this subchapter only until the earlier of: | ||
| (1) the date on which all bonds and other obligations | ||
| issued under Section 334.043 have been paid in full; | ||
| (2) the date on which the municipality has collected | ||
| the amount of money attributable to the tax imposed under this | ||
| subchapter that is sufficient to pay in full the bonds and other | ||
| obligations; or | ||
| (3) the date on which the total amount of money, | ||
| exclusive of guaranteed interest, necessary to pay in full the | ||
| bonds and other obligations has been set aside by the municipality | ||
| in a trust account dedicated to the payment of the bonds and other | ||
| obligations. | ||
| SECTION 4. This Act takes effect September 1, 2023. | ||
