Texas HB4412 allows specific municipalities to use hotel occupancy tax revenue for public improvement projects benefiting the hotel and tourism.

Texas HB4412 amends the Tax Code to allow certain municipalities to use hotel occupancy tax revenue for public improvement projects that directly benefit the hotel and tourism industry. This applies to municipalities that meet specific criteria, including being the county seat of a county bordering New Mexico, containing a portion of a state park in two counties, having hotel occupancy levels exceeding 90 percent, and having unexpended balances of hotel occupancy tax revenue exceeding $1.8 million. The tax revenue can only fund up to 25 percent of the project's total costs.

Texas HB4412 allows specific municipalities to use hotel occupancy tax revenue for public improvement projects benefiting the hotel and tourism.

Texas HB4412 amends the Tax Code to allow certain municipalities to use hotel occupancy tax revenue for public improvement projects that directly benefit the hotel and tourism industry. This applies to municipalities that meet specific criteria, including being the county seat of a county bordering New Mexico, containing a portion of a state park in two counties, having hotel occupancy levels exceeding 90 percent, and having unexpended balances of hotel occupancy tax revenue exceeding $1.8 million. The tax revenue can only fund up to 25 percent of the project's total costs.