LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 10, 2011 TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB970 by Gonzales, Larry (Relating to the use of municipal hotel occupancy tax revenue to enhance and upgrade coliseums and multiuse facilities in certain municipalities.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend Chapter 351 of the Tax Code, regarding municipal hotel occupancy taxes. The bill would allow a municipality, with a population of at least 90,000 but less than 120,000 and located in two counties where one of the counties contains the headwaters of the San Gabriel River, to use revenue from its municipal hotel occupancy tax for the construction, improvement, enlarging, equipping, repairing, operation, and maintenance of a coliseum or multi-use facility. The city of Round Rock would be eligible under the bill's provisions. The bill contains no state revenue or appropriation measures, and would affect only the uses of tax revenues collected by the municipalities. The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011. Local Government Impact For an applicable municipality, an additional usage of hotel occupancy tax revenue would have nodirect fiscal impact, although indirectly, it could create a savings if another revenue source had beenused. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, KK, AG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 10, 2011
TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB970 by Gonzales, Larry (Relating to the use of municipal hotel occupancy tax revenue to enhance and upgrade coliseums and multiuse facilities in certain municipalities.), As Engrossed
TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB970 by Gonzales, Larry (Relating to the use of municipal hotel occupancy tax revenue to enhance and upgrade coliseums and multiuse facilities in certain municipalities.), As Engrossed
Honorable Mike Jackson, Chair, Senate Committee on Economic Development
Honorable Mike Jackson, Chair, Senate Committee on Economic Development
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB970 by Gonzales, Larry (Relating to the use of municipal hotel occupancy tax revenue to enhance and upgrade coliseums and multiuse facilities in certain municipalities.), As Engrossed
HB970 by Gonzales, Larry (Relating to the use of municipal hotel occupancy tax revenue to enhance and upgrade coliseums and multiuse facilities in certain municipalities.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 351 of the Tax Code, regarding municipal hotel occupancy taxes. The bill would allow a municipality, with a population of at least 90,000 but less than 120,000 and located in two counties where one of the counties contains the headwaters of the San Gabriel River, to use revenue from its municipal hotel occupancy tax for the construction, improvement, enlarging, equipping, repairing, operation, and maintenance of a coliseum or multi-use facility. The city of Round Rock would be eligible under the bill's provisions. The bill contains no state revenue or appropriation measures, and would affect only the uses of tax revenues collected by the municipalities. The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011.
Local Government Impact
For an applicable municipality, an additional usage of hotel occupancy tax revenue would have nodirect fiscal impact, although indirectly, it could create a savings if another revenue source had beenused.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, KK, AG
JOB, KK, AG