Texas Tax Code 351.163 – Report On Qualified Projects
(a) Not later than December 1 of each even-numbered year, the comptroller shall prepare a report on the status of each qualified project.
(b) The report must include, for each qualified project:
(1) the location and a description of the project, including the current status of the project;
(2) the number of qualified hotels and qualified convention center facilities associated with the project;
(3) the total amount of tax revenue received by a municipality under § 351.156 and, if applicable, § 351.157 as a result of the project;
(4) the amount of state tax revenue generated by the project that has been received by the state after the period of entitlement for the project as prescribed by § 351.158 has ended; and
(5) whether the municipality is required to remit payments to the comptroller under § 351.162 as a result of the project.
Terms Used In Texas Tax Code 351.163
- Comptroller: means the Comptroller of Public Accounts of the State of Texas. See Texas Tax Code 1.04
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The comptroller may include in the report any additional information the comptroller determines is necessary to evaluate the effect of each qualified project on the economy of this state.
(d) The comptroller shall:
(1) post a copy of the report on the comptroller’s Internet website; and
(2) provide a copy of the report to the lieutenant governor, the speaker of the house of representatives, and each other member of the legislature.