SB 2830

Relating to the authority of certain municipalities to receive certain tax revenue derived from a hotel and convention center project and to pledge certain tax revenue for the payment of obligations related to the project.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

SB 2830 expands the ability of certain municipalities to receive and pledge hotel occupancy tax revenue for hotel and convention center projects. It applies to municipalities that meet specific population and ownership requirements and allows them to direct tax revenue from qualified establishments to fund obligations related to tourism and convention facilities. The bill clarifies which entities qualify for funding and under what conditions municipalities can pledge tax revenue for economic development projects.

Author (1)

Joan Huffman

Contact the Author

Sen. Joan Huffman

Capitol Phone:

(512) 463-0117

Capitol Office:

EXT E.14

E-Mail:

[email protected]

Visit Official Website