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Government Code - CHAPTER 2303 Page 24 of 28 owner of a qualified hotel proj ect at which the eligible taxable proceeds were generated. (b) A municipality with a population of 1,500,000 or more may agree to guarantee from hotel occupancy taxes the bonds or other obligations of a municipally sponsored local government corporation created under the Texas Transportation Corporation Act (Article 15281, Vernon's Texas Civil Statutes) that were issued or incurred to pay the cost of construction, remodeling, or rehabilitation of a qualified hotel proj ect. (c) An agreement under this section must be in writing, contain an expiration date, and require the beneficiary to provide documentation necessary to support a claim. (d) A governmental body that makes an agreement under this section shall make the rebate, refund, or payment directly to the beneficiary. (e) In this section, "eligible taxable proceeds" means taxable proceeds generated, paid, or collected by a qualified hotel proj ect or a business at a qualified hotel proj ect, including hotel occupancy taxes, ad valorem taxes, sales and use taxes, and mixed beverage taxes. Added by Acts 1995, 74th Leg., ch. 76, § 5.53(a), eff. Sept. 1, 1995. § 2303.506. Reduction or Elimination of Local Fees or Taxes (a) To promote the public health, safety, or welfare, the governing body of a municipality or county through a program may reduce or eliminate fees or taxes that it imposes on a qualified business or qualified employee. (b) This section does not apply to sales and use taxes or property taxes. Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. § 2303.507. Tax Increment Financing and Abatement Designation of an area as an enterprise zone is also designation of the area as a reinvestment zone for: (1) tax increment financing under Chapter 311, Tax Code; and (2) tax abatement under Chapter 312, Tax Code. Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. § 2303.508. Tax Exemption for Neighborhood Enterprise Association A neighborhood enterprise association is exempt from state and local taxes during the period of the designation of the enterprise zone in which it is located. The exemption applies to tax arrearages and other back assessments on property leased under Section 2303.512. Added by Acts 1993, 73rd Leg., ch. 268, § 1, eff. Sept. 1, 1993. § 2303.509. Development Bonds ://www.capitol.state.tx.us/statutes/go/go230300.html 1/12/2002