Sec. 351.158. PERIOD OF ENTITLEMENT. A municipality is entitled to receive revenue as provided by Sections 351.156 and 351.157 until the 10th anniversary of the date the qualified hotel to which the entitlement relates is open for initial occupancy.
Added by Acts 2019, 86th Leg., R.S., Ch. 952 (H.B. 4347), Sec. 8, eff. September 1, 2019.
Structure Texas Statutes
Subtitle D - Local Hotel Occupancy Taxes
Chapter 351 - Municipal Hotel Occupancy Taxes
Subchapter C. Municipal Hotel and Convention Center Projects
Section 351.152. Applicability
Section 351.153. Exception to Ownership Requirement
Section 351.154. Nonprofit Corporation as Municipal Agent
Section 351.155. Pledge or Commitment of Certain Tax Revenue for Obligations for Qualified Project
Section 351.156. Entitlement to Certain Tax Revenue
Section 351.157. Additional Entitlement for Certain Municipalities
Section 351.158. Period of Entitlement