85R3065 ADM-F
By: Creighton S.B. No. 1442
A BILL TO BE ENTITLED
AN ACT
relating to the use of municipal hotel occupancy tax revenue in
certain municipalities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 351, Tax Code, is amended
by adding Section 351.1072 to read as follows:
Sec. 351.1072. ALLOCATION OF REVENUE: CERTAIN
MUNICIPALITIES IN LARGE COUNTIES. (a) This section applies to a
municipality that has a population of at least 1,660 but not more
than 2,160 and that is located in a county that has a population of
more than 425,000 but less than 500,000.
(b) Notwithstanding any other provision of this chapter, a
municipality to which this section applies may use revenue from the
municipal hotel occupancy tax to directly enhance and promote
tourism and the convention and hotel industry by acquiring sites
for and constructing, improving, equipping, repairing, operating,
and maintaining:
(1) a sports-related venue or facility that is used or
is planned for use for one or more professional or amateur sports
events, including rodeos, and for:
(A) livestock shows;
(B) promotional events;
(C) performing arts events;
(D) community events; and
(E) other civic or charitable events; or
(2) a multiuse venue and related infrastructure, as
defined by Section 334.001(3), Local Government Code.
(c) A municipality to which this section applies that issues
obligations secured by revenue derived from the tax authorized by
this chapter for purposes described in this section may continue to
use that revenue for those purposes for as long as the obligations
are outstanding, regardless of whether the municipality ceases to
meet the requirements of Subsection (a) while the obligations are
outstanding.
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, 2017.