| Issue Date: | 2013-09-01 |
|---|---|
| Revised Date: |
Legal Citations
- Tax Code sec. 351.1015
Origin:
S.B. 748 and H.B. 6, 83rd Leg., R.S.
Purpose
A suspense account outside the state treasury to received state tax revenue generated by certain hotels located in project financing zones. Incremental hotel-associated revenue deposited to the account consists of sales and hotel taxes above a base year. Payments are made to a municipality for certain qualified projects.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund 0001. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not available for appropriation. |
Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Added by S.B. 748 and H.B. 6, 83rd Leg., R.S.
USAS Values
| USAS Title | INCREMENTAL HOTEL REVENUE SUSPENSE TRUST |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | I |
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.