Sec. 480.0105. ESTIMATE OF TAX REVENUE CREDITED TO FUND. (a) Not later than three months before the date of an event, the office shall provide an estimate of the total amount of tax revenue that would be transferred or deposited to the events trust 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) The office shall provide the estimate on request to a local organizing committee, endorsing municipality, or endorsing county.
(c) 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 480 - Events Trust Fund
Subchapter C. State Actions Relating to Events
Section 480.0101. Prerequisites for Office Action
Section 480.0102. Determination of Incremental Increase in Certain Tax Receipts
Section 480.0103. Time for Determination
Section 480.0104. Designation of Market Area