Texas Tax Code

§ 351.1015 — CERTAIN QUALIFIED PROJECTS

TX § 351.1015Title 3. LOCAL TAXATION · Part D. LOCAL HOTEL OCCUPANCY TAXES · Ch. 351. MUNICIPAL HOTEL OCCUPANCY TAXES · Art. B. USE AND ALLOCATION OF REVENUE

Statute text

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(a)In this section:

(1)"Base year amount" means the amount of hotel-associated revenue collected in a project financing zone during the calendar year in which a municipality designates the zone.

(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

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Legislative history

Acts 2023, 88th Leg., R.S., Ch. 644 (H.B. 4559), Sec. 229, eff. September 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 779 (H.B. 5012), Sec. 1, eff. September 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 779 (H.B. 5012), Sec. 2, eff. September 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 927 (S.B. 2220), Sec. 1, eff. September 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 927 (S.B. 2220), Sec. 2, eff. September 1, 2023. Acts 2023, 88th Leg., R.S., Ch. 1110 (S.B. 1057), Sec. 1, eff. September 1, 2023. Acts 2025, 89th Leg., R.S., Ch. 204 (H.B. 1620), Sec. 19.003, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 204 (H.B. 1620), Sec. 19.004(a), eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 204 (H.B. 1620), Sec. 19.004(b), eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 520 (H.B. 2313), Sec. 1, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 520 (H.B. 2313), Sec. 2, eff. September 1, 2025.