LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 15, 2009 TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3098 by Bolton (Relating to the use by certain municipalities of hotel occupancy tax revenue for the construction of a recreational venue near hotels.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend the Tax Code to authorize another use of revenue from a municipal hotel occupancy tax in certain municipalities if certain conditions are met. Among the conditions would be that if the revenue is used to construct a recreational venue in the immediate vicinity of area hotels, the municipality would pay for the maintenance of the venue from the municipality's general funds. Local Government Impact It is assumed that an applicable municipality would use revenue from a municipal hotel occupancy tax for the purpose stated in the bill if the municipality has sufficient funds to meet the costs of maintenance of the recreational venue. No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, JRO, MN, DB, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 15, 2009
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3098 by Bolton (Relating to the use by certain municipalities of hotel occupancy tax revenue for the construction of a recreational venue near hotels.), As Engrossed
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3098 by Bolton (Relating to the use by certain municipalities of hotel occupancy tax revenue for the construction of a recreational venue near hotels.), As Engrossed
Honorable Chris Harris, Chair, Senate Committee on Economic Development
Honorable Chris Harris, Chair, Senate Committee on Economic Development
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3098 by Bolton (Relating to the use by certain municipalities of hotel occupancy tax revenue for the construction of a recreational venue near hotels.), As Engrossed
HB3098 by Bolton (Relating to the use by certain municipalities of hotel occupancy tax revenue for the construction of a recreational venue near hotels.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Tax Code to authorize another use of revenue from a municipal hotel occupancy tax in certain municipalities if certain conditions are met. Among the conditions would be that if the revenue is used to construct a recreational venue in the immediate vicinity of area hotels, the municipality would pay for the maintenance of the venue from the municipality's general funds.
Local Government Impact
It is assumed that an applicable municipality would use revenue from a municipal hotel occupancy tax for the purpose stated in the bill if the municipality has sufficient funds to meet the costs of maintenance of the recreational venue. No significant fiscal implication to units of local government is anticipated.
It is assumed that an applicable municipality would use revenue from a municipal hotel occupancy tax for the purpose stated in the bill if the municipality has sufficient funds to meet the costs of maintenance of the recreational venue.
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, JRO, MN, DB, SD
JOB, JRO, MN, DB, SD