Sec. 478.0106. ESTIMATE OF TAX REVENUE CREDITED TO FUND. (a) Not later than the 30th day after the date a local organizing committee, endorsing municipality, or endorsing county submits a request for a determination of the incremental increase in tax receipts under Section 478.0102, the office shall provide an estimate of the total amount of tax revenue that would be deposited to the fund under this chapter in connection with that event if the event were held in this state at a site selected in accordance with an application by a local organizing committee, endorsing municipality, or endorsing county.
(b) A local organizing committee, endorsing municipality, or endorsing county may submit the office's estimate to a site selection organization.
Added by Acts 2019, 86th Leg., R.S., Ch. 301 (H.B. 4174), Sec. 1.01, eff. April 1, 2021.
Structure Texas Statutes
Subtitle E-1 - Event Reimbursement Programs
Chapter 478 - Major Events Reimbursement Program
Subchapter C. State Actions Relating to Events
Section 478.0101. Prerequisites for Office Action
Section 478.0102. Determination of Incremental Increase in Certain Tax Receipts
Section 478.0103. Time for Determination Request
Section 478.0104. Time for Determination
Section 478.0105. Designation of Market Area
Section 478.0106. Estimate of Tax Revenue Credited to Fund