Texas Tax Code
§ 351.107 — ALLOCATION OF REVENUE; CERTAIN LARGE COASTAL MUNICIPALITIES
TX § 351.107Title 3. LOCAL TAXATION · Part D. LOCAL HOTEL OCCUPANCY TAXES · Ch. 351. MUNICIPAL HOTEL OCCUPANCY TAXES · Art. B. USE AND ALLOCATION OF REVENUE
Statute text
View on source(a)This section applies only to a municipality that borders on the Gulf of Mexico and has a population of more than 250,000.
(b)A municipality to which this section applies shall separately account for all revenue derived from the application of the tax imposed by this chapter at a rate of more than seven percent of the cost of a room.
(c)Subject to Subsection (e), revenue described by Subsection (b) may be used only for:
(1)acquiring land for a municipally owned convention center;
(2)constructing, improving, enlarging, equipping, repairing, operating, and maintaining a municipally owned convention center; and
(3)paying bonds used to finance activities described by Subdivision (1) or (2).
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Legislative history
Added by Acts 1999, 76th Leg., ch. 825, Sec. 2, eff. June 18, 1999. Amended by Acts 2003, 78th Leg., ch. 117, Sec. 2, eff. July 1, 2003.