LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 6, 2015 TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3629 by Raney (Relating to use and allocation of municipal hotel occupancy tax revenues for certain municipalities.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Tax Code regarding the use and allocation of municipal hotel occupancy tax revenues for certain municipalities. Local Government Impact The bill would allow the city of Bryan to use revenue from the municipal hotel tax to promote tourism and the convention and hotel industry by constructing, operating, or expanding a sporting related facility or sports field owned by the municipality if the majority of events at the facility or fields are directly related to a sporting event in which the majority of participants are tourists who substantially increase economic activity at hotels in the municipality. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, KK, AG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 6, 2015
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3629 by Raney (Relating to use and allocation of municipal hotel occupancy tax revenues for certain municipalities.), As Introduced
TO: Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3629 by Raney (Relating to use and allocation of municipal hotel occupancy tax revenues for certain municipalities.), As Introduced
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Honorable Dennis Bonnen, Chair, House Committee on Ways & Means
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3629 by Raney (Relating to use and allocation of municipal hotel occupancy tax revenues for certain municipalities.), As Introduced
HB3629 by Raney (Relating to use and allocation of municipal hotel occupancy tax revenues for certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Tax Code regarding the use and allocation of municipal hotel occupancy tax revenues for certain municipalities.
Local Government Impact
The bill would allow the city of Bryan to use revenue from the municipal hotel tax to promote tourism and the convention and hotel industry by constructing, operating, or expanding a sporting related facility or sports field owned by the municipality if the majority of events at the facility or fields are directly related to a sporting event in which the majority of participants are tourists who substantially increase economic activity at hotels in the municipality.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, KK, AG
UP, KK, AG