2019-023 - Hotel Occupancy Tax for the Renovation, Repair and Other Improvement of the Love Civic Center

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"Venue Pro 'iect shall mean the renovation, repair, and other improvement of the Love Civic Center, a venue project of the type described and defined in Section 334.001(4)(B) of, and authorized by, Chapter 334, Texas Local Government Code." Section 4. Sections 30-37, "Tax Levied," and 30-38, "Use of Revenue Limited," of the Code of Ordinances is and shall be amended to read in its entirety as follows: "Sec. 30-37 Tax levied. "(a) There is hereby imposed and levied a tax upon the occupant of any room or space furnished by any hotel where the cost of occupancy is at the rate of two dollars ($2.00) or more per day, such tax to be equal to seven percent (7%)of the consideration paid by any such occupant of any such room or space in any such hotel, exclusive of other occupancy taxes imposed by other units of government. The tax revenue derived from the levy of said tax may only be used for the purposes enumerated in Sec. 30-38(a) and shall not be used for general revenue purposes or general governmental operations of the City. "(b) There is hereby imposed and levied an additional tax upon the occupant of any room or space furnished by any hotel where the cost of occupancy is at the rate of two dollars ($2.00) or more per day, such tax to be equal to two percent (2%) of the consideration paid by any such occupant of any such room or space in any such hotel, exclusive of other occupancy taxes imposed by other units of government. The tax revenue derived from the levy of said tax may only be used to fund the venue project comprising the restoration, repair, and other improvement of the Love Civic Center (the Venue Project) and shall not be used for general revenue purposes or general governmental operations of the City. "(c) Federal employees traveling on official business shall be exempt from the tax imposed in paragraph (a) above. "(d) No more than one percent (1%) of the consideration paid by an occupant of a hotel or motel room may be spent on the arts as authorized by section 30-38(4). "Sec. 30-38 Use of revenue limited. "(a) The revenue derived from the hotel occupancy tax herein levied under Sec. 30-37(a) hereinabove may only be used to promote tourism and the convention and hotel industry, and such use is limited to the uses permitted under Texas Tax Code Chapter 351, Sec. 351.101 et seq., as such exists now and as may be hereinafter amended. "(b) The revenue derived from the hotel occupancy tax herein levied under Sec. 30-37 (b) above shall be limited to expenditures in connection with the Venue Project as set forth hereinabove."