Bill Text: TX SB1649 | 2021-2022 | 87th Legislature | Comm Sub
Bill Title: Relating to the authority of certain municipalities to receive certain tax revenue derived from certain establishments related to a hotel and convention center project and to pledge certain tax revenue for the payment of obligations related to the project.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-04-23 - Committee report printed and distributed [SB1649 Detail]
Download: Texas-2021-SB1649-Comm_Sub.html
| By: Perry | S.B. No. 1649 | |
| (In the Senate - Filed March 11, 2021; March 24, 2021, read | ||
| first time and referred to Committee on Natural Resources & | ||
| Economic Development; April 23, 2021, reported favorably by the | ||
| following vote: Yeas 9, Nays 0; April 23, 2021, sent to printer.) | ||
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| relating to the authority of certain municipalities to receive | ||
| certain tax revenue derived from certain establishments related to | ||
| a hotel and convention center project and to pledge certain tax | ||
| revenue for the payment of obligations related to the project. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Sections 351.157(b), (c), and (e), Tax Code, are | ||
| amended to read as follows: | ||
| (b) This section applies only to: | ||
| (1) a municipality described by Section 351.152(3); | ||
| (2) a municipality described by Section 351.152(6); | ||
| (3) a municipality described by Section 351.152(7); | ||
| (4) a municipality described by Section 351.152(10); | ||
| (4-a) a municipality described by Section | ||
| 351.152(14); | ||
| (5) a municipality described by Section 351.152(16); | ||
| (6) a municipality described by Section 351.152(22); | ||
| (7) a municipality described by Section 351.152(25); | ||
| (8) a municipality described by Section 351.152(34); | ||
| (9) a municipality described by Section 351.152(35); | ||
| (10) a municipality described by Section 351.152(36); | ||
| and | ||
| (11) a municipality described by Section 351.152(38). | ||
| (c) A municipality is entitled to receive revenue under | ||
| Subsection (d) derived from the following types of establishments | ||
| that meet the requirements of Subsections (a)(1), (2), (3), and | ||
| (4): | ||
| (1) for a municipality described by Subsection (b)(1): | ||
| (A) restaurants, bars, and retail | ||
| establishments; and | ||
| (B) swimming pools and swimming facilities owned | ||
| or operated by the related qualified hotel; | ||
| (2) for a municipality described by Subsection (b)(2), | ||
| restaurants, bars, and retail establishments; | ||
| (3) for a municipality described by Subsection (b)(3), | ||
| restaurants, bars, and retail establishments; | ||
| (4) for a municipality described by Subsection (b)(4): | ||
| (A) restaurants, bars, and retail | ||
| establishments; and | ||
| (B) swimming pools and swimming facilities owned | ||
| or operated by the related qualified hotel; | ||
| (4-a) for a municipality described by Subsection | ||
| (b)(4-a): | ||
| (A) restaurants, bars, and retail | ||
| establishments; and | ||
| (B) swimming pools and swimming facilities owned | ||
| or operated by the related qualified hotel; | ||
| (5) for a municipality described by Subsection (b)(5), | ||
| restaurants, bars, and retail establishments; | ||
| (6) for a municipality described by Subsection (b)(6), | ||
| restaurants, bars, and retail establishments; | ||
| (7) for a municipality described by Subsection (b)(7), | ||
| restaurants, bars, and retail establishments; | ||
| (8) for a municipality described by Subsection (b)(8), | ||
| restaurants, bars, and retail establishments; | ||
| (9) for a municipality described by Subsection (b)(9), | ||
| restaurants, bars, and retail establishments; | ||
| (10) for a municipality described by Subsection | ||
| (b)(10): | ||
| (A) restaurants, bars, and retail | ||
| establishments; and | ||
| (B) swimming pools and swimming facilities owned | ||
| or operated by the related qualified hotel; and | ||
| (11) for a municipality described by Subsection | ||
| (b)(11): | ||
| (A) restaurants, bars, and retail | ||
| establishments; and | ||
| (B) swimming pools and swimming facilities owned | ||
| or operated by the related qualified hotel. | ||
| (e) A municipality to which this section applies is not | ||
| entitled to receive revenue under Subsection (d) unless the | ||
| municipality commences a qualified project under this subchapter | ||
| before September 1, 2027 [ |
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| SECTION 2. 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, 2021. | ||
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