Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4140 authorizes certain counties to use revenue from hotel occupancy taxes to finance multipurpose venues and related infrastructure. The bill establishes a "project financing zone" where incremental hotel-associated tax revenue may be used to fund these projects. It also provides guidelines for how counties can pledge tax revenue for bond payments and stipulates that unutilized funds revert to the state general revenue fund if the project is abandoned.
Author
Trey Wharton
Contact the Author
Rep. Trey Wharton
Capitol Phone:
(512) 463-0412
Capitol Office:
EXT E1.312
E-Mail:
