| Issue Date: | 2011-05-28 |
|---|---|
| Revised Date: | 2018-09-25 |
Legal Cites
- Tax Code sec. 151.429
- Government Code sec. 2303.5055
Origin:
2011 by S.B. 977, S.B. 1588, 82nd Leg., R.S.
Purpose
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.
| Classification | Group 13: Local Trust [?] |
|---|---|
| Depository Interest | Credited to General Revenue Fund 0001. |
| Disposition of Balance | Accumulative |
| Appropriation Technique | Not appropriated for state expenditure |
Administering Agencies
Note
USAS Values
| USAS Title | QUALIFIED HOTEL PROJECT TRUST FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 13 - LOCAL TRUST |
| USAS Status | A |
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.