Texas Comptroller of Public Accounts
| Legal Citations: |
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| Origin Date: 2011 by S.B. 977, S.B. 1588, 82nd Leg., R.S. |
| Issue Date: 2011-05-28 |
| Revised Date: 2025-05-21 |
Created as a suspense account outside the Treasury, consists of eligible taxable proceeds collected by or forwarded to the Comptroller. Used to rebate, refund or pay each qualified hotel project the hotel occupancy taxes, and sales and use taxes to which the project is entitled.
Receives state tax revenue generated by certain hotels, including attached restaurants, bars and retail, located in project financing zones. Incremental hotel-associated revenue deposited to the account consists of sales and hotel taxes above a base year and other related taxes such as mixed beverage taxes. 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 appropriated for state expenditure |
To view this fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
S.B. 748, 83rd Leg., R.S. added Tax Code sec. 351.1015, sec. 351.159
Qualified projects and revenue expanded by H.B. 4347, 86th Leg., R.S.
0805 – Incremental Hotel-Associated Revenue Suspense Trust inactivated May 2025. Note section reflects changes to both Funds 0805 and 0905.
| USAS Title | QUALIFIED HOTEL PROJECT TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |