Bill Text: TX SB1028 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the imposition and use of the municipal hotel occupancy tax by certain eligible central municipalities.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-11 - Referred to Natural Resources & Economic Development [SB1028 Detail]
Download: Texas-2015-SB1028-Introduced.html
84R10835 TJB-F | ||
By: Taylor of Collin | S.B. No. 1028 |
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relating to the imposition and use of the municipal hotel occupancy | ||
tax by certain eligible central municipalities. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 351.001(7), Tax Code, is amended to read | ||
as follows: | ||
(7) "Eligible central municipality" means: | ||
(A) a municipality with a population of more than | ||
140,000 but less than 1.5 million that is located in a county with a | ||
population of one million or more and that has adopted a capital | ||
improvement plan for the construction or expansion of a [ |
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(B) a municipality with a population of 250,000 | ||
or more that: | ||
(i) is located wholly or partly on a barrier | ||
island that borders the Gulf of Mexico; | ||
(ii) is located in a county with a | ||
population of 300,000 or more; and | ||
(iii) has adopted a capital improvement | ||
plan to expand an existing convention center facility; or | ||
(C) a municipality with a population of 116,000 | ||
or more that: | ||
(i) is located in two counties both of which | ||
have a population of 660,000 or more; and | ||
(ii) has adopted a capital improvement plan | ||
for the construction or expansion of a convention center facility. | ||
SECTION 2. Section 351.102(b), Tax Code, is amended to read | ||
as follows: | ||
(b) An eligible central municipality or a municipality with | ||
a population of 173,000 or more that is located within two or more | ||
counties may pledge the revenue derived from the tax imposed under | ||
this chapter from a hotel project that is owned by or located on | ||
land owned by the municipality or, in an eligible central | ||
municipality, by a nonprofit corporation acting on behalf of an | ||
eligible central municipality, and that is located within 1,000 | ||
feet of a convention center facility owned by the municipality for | ||
the payment of bonds or other obligations issued or incurred to | ||
acquire, lease, construct, and equip the hotel and any facilities | ||
ancillary to the hotel, including convention center | ||
entertainment-related facilities, multi-purpose performance | ||
facilities, meeting spaces, public spaces, including open public | ||
spaces used for connectivity, plazas, restaurants, shops, street | ||
and water and sewer infrastructure, and parking facilities within | ||
1,000 feet of the hotel or convention center facility. For bonds | ||
or other obligations issued under this subsection, an eligible | ||
central municipality or a municipality with a population of 173,000 | ||
or more that is located within two or more counties may only pledge | ||
revenue or other assets of the hotel project benefiting from those | ||
bonds or other obligations. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2015. |