Texas Tax Code

§ 156.2511 — ALLOCATION OF CERTAIN REVENUE

TX § 156.2511Title 2. STATE TAXATION · Part E. SALES, EXCISE, AND USE TAXES · Ch. 156. HOTEL OCCUPANCY TAX · Art. F. DISPOSITION OF REVENUE

Statute text

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(a)Not later than the last day of the month following a calendar quarter, the comptroller shall:

(1)compute the amount of revenue derived from the collection of taxes imposed under this chapter at a rate of two percent and received from hotels located in an eligible coastal municipality that has created a park board of trustees to administer public beaches under Chapter 306, Local Government Code; and

(2)issue to the eligible coastal municipality a warrant drawn on the general revenue fund in the amount computed under Subdivision (1).

(b)An eligible coastal municipality may use money received under this section only to clean and maintain public beaches in that municipality.

(c)Section 403.094(h), Government Code, does not apply to funds described by Subsection (a).

(d)In this section:

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Legislative history

Added by Acts 1995, 74th Leg., ch. 454, Sec. 4, eff. Sept. 1, 1995.