Texas SB2779 amends tax code to allocate hotel occupancy tax revenues for beach maintenance in coastal municipalities.
Texas SB2779 modifies the allocation and use of hotel occupancy tax revenues. The bill mandates the comptroller to compute and issue warrants for funds derived from a two percent tax on hotel occupancy in eligible coastal municipalities. These funds can only be used for cleaning and maintaining public beaches. Municipalities must allocate at least one percent of their tax revenue for this purpose and either apply for state funds or provide specific information to the comptroller. Additionally, the bill prohibits the expenditure of tax revenues in a discriminatory manner.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.