Bill Summary – FastDemocracy

      
            H.B. No. 5012
         
               AN ACT
            
            relating to the authority of certain municipalities to use certain 
         
            tax revenue for hotel and convention center projects and other 
         
            qualified projects.
         
                   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
                   SECTION 1.  Section 351.1015(a)(2), Tax Code, is amended to 
         
            read as follows:
         
                         (2)  "Hotel-associated revenue" means the sum of:
         
                               (A)  state tax revenue collected in a project 
         
            financing zone from all hotels located in the zone that would be 
         
            available to the owners of qualified hotel projects under Section 
         
            151.429(h) if the hotels were qualified hotel projects, excluding 
         
            the amount of that revenue received by a municipality:
         
                                     (i)  under Section 351.156 or 351.157 in 
         
            connection with a qualified hotel located in the zone that exists on 
         
            the date the municipality designates the zone, except as provided 
         
            by Paragraph (B); or
         
                                     (ii)  under Section 351.102(c) for a hotel 
         
            project described by Section 351.102(b) and located in the zone 
         
            that exists on the date the municipality designates the zone; and
         
                               (B)  tax revenue collected from all permittees 
         
            under Chapter 183 at hotels located in the zone, excluding revenue 
         
            disbursed by the comptroller under Section 183.051(b).
         
                   SECTION 2.  Section 351.1015, Tax Code, is amended by 
         
            amending Subsections (b) and (e) and adding Subsection (j) to read 
         
            as follows:
         
                   (b)  This section applies only to a qualified project located 
         
            in:
         
                         (1)  a municipality with a population of at least 
         
            650,000 but less than 750,000 according to the most recent federal 
         
            decennial census;
         
                         (2)  a municipality described by Section 
         
            351.001(7)(B); or
         
                         (3)  a municipality described by Section 351.152(61).
         
                   (e)  A municipality may pledge for the payment of bonds or 
         
            other obligations described by Subsection (d) the local revenue 
         
            from eligible tax proceeds as defined by Section 2303.5055(e), 
         
            Government Code, from hotels located in a project financing zone 
         
            that would be available to the owners of qualified hotel projects 
         
            under that section if the hotels were qualified hotel projects, 
         
            excluding any amount received by the municipality:
         
                         (1)  in connection with a qualified hotel, as defined 
         
            by Section 351.151, located in the zone that exists on the date the 
         
            municipality designates the zone; or
         
                         (2)  for a hotel project described by Section 
         
            351.102(b) and located in the zone that exists on the date the 
         
            municipality designates the zone.
         
                   (j)  For a municipality described by Subsection (b)(2) or 
         
            (3), the term "qualified project" also means a venue described by 
         
            Section 334.001(4)(A), Local Government Code, and any related 
         
            infrastructure.
         
                   SECTION 3.  Section 351.152, Tax Code, is amended to read as 
         
            follows:
         
                   Sec. 351.152.  APPLICABILITY.  This subchapter applies only 
         
            to:
         
                         (1)  a municipality described by Section 
         
            351.001(7)(B);
         
                         (2)  a municipality described by Section 
         
            351.001(7)(D);
         
                         (3)  a municipality described by Section 
         
            351.001(7)(E);
         
                         (4)  a municipality described by Section 
         
            351.102(e)(3);
         
                         (5)  a municipality that contains more than 70 [75] 
         
            percent of the population of a county with a population of 1.5 
         
            million or more;
         
                         (6)  a municipality with a population of 175,000
         
            [150,000] or more but less than 200,000 that is partially located in 
         
            at least one county with a population of 125,000 or more;
         
                         (7)  a municipality with a population of 250,000
         
            [150,000] or more but less than one million that is located in one 
         
            county with a population of 2.5 [2.3] million or more;
         
                         (8)  a municipality with a population of 180,000 or 
         
            more that:
         
                &#
Statutes affected: 
Introduced: Tax Code 351.001, Tax Code 351.152, Tax Code 351.155, Tax Code 351.157, Tax Code 351.1015 (Tax Code 351)
House Committee Report: Tax Code 351.152 (Tax Code 351)
Engrossed: Tax Code 351.1015, Tax Code 351.152, Tax Code 351.157, Tax Code 351.158 (Tax Code 351)
Senate Committee Report: Tax Code 351.1015, Tax Code 351.152, Tax Code 351.153, Tax Code 351.157 (Tax Code 351)
Enrolled: Tax Code 351.1015, Tax Code 351.152, Tax Code 351.153, Tax Code 351.157 (Tax Code 351)




	AN ACT
	relating to the authority of certain municipalities to use certain
	tax revenue for hotel and convention center projects and other
	qualified projects.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 351.1015(a)(2), Tax Code, is amended to
	read as follows:
	(2) "Hotel-associated revenue" means the sum of:
	(A) state tax revenue collected in a project
	financing zone from all hotels located in the zone that would be
	available to the owners of qualified hotel projects under Section
	151.429(h) if the hotels were qualified hotel projects, excluding
	the amount of that revenue received by a municipality:
	(i) under Section 351.156 or 351.157 in
	connection with a qualified hotel located in the zone that exists on
	the date the municipality designates the zone, except as provided
	by Paragraph (B); or
	(ii) under Section 351.102(c) for a hotel
	project described by Section 351.102(b) and located in the zone
	that exists on the date the municipality designates the zone; and
	(B) tax revenue collected from all permittees
	under Chapter 183 at hotels located in the zone, excluding revenue
	disbursed by the comptroller under Section 183.051(b).
	SECTION 2. Section 351.1015, Tax Code, is amended by
	amending Subsections (b) and (e) and adding Subsection (j) to read
	as follows:
	(b) This section applies only to a qualified project located
	in:
	(1) a municipality with a population of at least
	650,000 but less than 750,000 according to the most recent federal
	decennial census;
	(2) a municipality described by Section
	351.001(7)(B); or
	(3) a municipality described by Section 351.152(61).
	(e) A municipality may pledge for the payment of bonds or
	other obligations described by Subsection (d) the local revenue
	from eligible tax proceeds as defined by Section 2303.5055(e),
	Government Code, from hotels located in a project financing zone
	that would be available to the owners of qualified hotel projects
	under that section if the hotels were qualified hotel projects,
	excluding any amount received by the municipality:
	(1) in connection with a qualified hotel, as defined
	by Section 351.151, located in the zone that exists on the date the
	municipality designates the zone; or
	(2) for a hotel project described by Section
	351.102(b) and located in the zone that exists on the date the
	municipality designates the zone.
	(j) For a municipality described by Subsection (b)(2) or
	(3), the term "qualified project" also means a venue described by
	Section 334.001(4)(A), Local Government Code, and any related
	infrastructure.
	SECTION 3. Section 351.152, Tax Code, is amended to read as
	follows:
	Sec. 351.152. APPLICABILITY. This subchapter applies only
	to:
	(1) a municipality described by Section
	351.001(7)(B);
	(2) a municipality described by Section
	351.001(7)(D);
	(3) a municipality described by Section
	351.001(7)(E);
	(4) a municipality described by Section
	351.102(e)(3);
	(5) a municipality that contains more than 70 [75]
	percent of the population of a county with a population of 1.5
	million or more;
	(6) a municipality with a population of 175,000
	[~~150,000~~] or more but less than 200,000 that is partially located in
	at least one county with a population of 125,000 or more;
	(7) a municipality with a population of 250,000
	[~~150,000~~] or more but less than one million that is located in one
	county with a population of 2.5 [~~2.3~~] million or more;
	(8) a municipality with a population of 180,000 or
	more that:
	&# Statutes affected: Introduced: Tax Code 351.001, Tax Code 351.152, Tax Code 351.155, Tax Code 351.157, Tax Code 351.1015 (Tax Code 351) House Committee Report: Tax Code 351.152 (Tax Code 351) Engrossed: Tax Code 351.1015, Tax Code 351.152, Tax Code 351.157, Tax Code 351.158 (Tax Code 351) Senate Committee Report: Tax Code 351.1015, Tax Code 351.152, Tax Code 351.153, Tax Code 351.157 (Tax Code 351) Enrolled: Tax Code 351.1015, Tax Code 351.152, Tax Code 351.153, Tax Code 351.157 (Tax Code 351)