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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) After a site selection organization selects a site for the games in this state in accordance with an application by a local organizing committee acting on behalf of an endorsing municipality, the office shall determine for each subsequent calendar quarter the incremental increases in the following tax receipts that the office determines are directly attributable to the preparation for and presentation of the games and related events:
(1) the receipts to this state from the taxes imposed under Chapters 151, 152, 156, and 183, Tax Code, and under Title 5, Alcoholic Beverage Code, in the market areas designated under Section 476.0053;
(2) the receipts collected by this state for the endorsing municipality from the sales and use tax imposed by the municipality under Section 321.101(a), Tax Code; and
(3) the receipts collected by the endorsing municipality from the municipality's hotel occupancy tax imposed under Chapter 351, Tax Code.
(b) The office shall make the determination required by Subsection (a) in accordance with procedures the office develops.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 476.0051. Determination of Incremental Increase in Certain Tax Receipts - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-476-0051/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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