84R10835 TJB-F
By: Taylor of Collin S.B. No. 1028
A BILL TO BE ENTITLED
AN ACT
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 [an
existing] convention center facility; [or]
(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.