Amends TCA Title 7, Chapter 88, Part 1.
ON APRIL 15, 2019, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 396, AS AMENDED.<br /> <br /> AMENDMENT #1 rewrites this bill and clarifies, in regard to the provision of the Convention Center and Tourism Development Financing Act of 1998 whereby the apportionment and distribution of the incremental increase in local sales and use tax revenue associated with the qualified hotel facility and related uses does not affect the apportionment and distribution of state and local sales and use taxes with regard to a qualified public use facility in a tourism development zone, that the referenced hotel facility is one that was approved by the state building commission prior to December 31, 2018, "or as such approval was thereafter amended by the state building commission".<br /> <br />
ON APRIL 15, 2019, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 396, AS AMENDED.<br /> <br /> AMENDMENT #1 rewrites this bill and clarifies, in regard to the provision of the Convention Center and Tourism Development Financing Act of 1998 whereby the apportionment and distribution of the incremental increase in local sales and use tax revenue associated with the qualified hotel facility and related uses does not affect the apportionment and distribution of state and local sales and use taxes with regard to a qualified public use facility in a tourism development zone, that the referenced hotel facility is one that was approved by the state building commission prior to December 31, 2018, "or as such approval was thereafter amended by the state building commission".<br /> <br />
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