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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Not later than the last day of the month following a calendar quarter, the comptroller shall:
(1) compute the amount of revenue derived from the collection of taxes imposed under this chapter at a rate of two percent and received from hotels located in an eligible coastal municipality that has created a park board of trustees to administer public beaches under Chapter 306, Local Government Code; and
(2) issue to the eligible coastal municipality a warrant drawn on the general revenue fund in the amount computed under Subdivision (1).
(b) An eligible coastal municipality may use money received under this section only to clean and maintain public beaches in that municipality.
(c) Section 403.094(h), Government Code, does not apply to funds described by Subsection (a).
(d) In this section:
(1) “Eligible coastal municipality” has the meaning assigned by Section 351.001.
(2) “Clean and maintain” has the meaning assigned by Section 61.063, Natural Resources Code.
Cite this article: FindLaw.com - Texas Tax Code - TAX § 156.2511. Allocation of Certain Revenue - last updated January 01, 2024 | https://codes.findlaw.com/tx/tax-code/tax-sect-156-2511/
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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