(a) There is hereby levied a tax upon the cost of occupancy of any sleeping room or space furnished by any hotel, where the cost of occupancy is at the rate of $2 or more per day, such tax to be equal to 9% of the consideration paid by the occupant of such room or space to such hotel, exclusive of other occupancy taxes imposed by any other governmental agencies.
(b) All revenues from the hotel occupancy tax shall be expended as provided by state law.
(c) No tax under this article shall be imposed upon a permanent resident.
(d) The amount of revenue from the tax that is derived from the application of the tax at a rate of more than 7% of the cost of a room, and any interest income therefrom, shall be used only for the construction of an expansion of an existing convention center facility, for a qualified project to which Section 351.1015, Texas Tax Code, applies, or for pledging payment of revenue or revenue refunding bonds issued in accordance with state law for the construction of the expansion of an existing convention center facility or for a qualified project. The city shall attempt to include minority-owned businesses in the issuance of at least 32% of the total dollar value of the bonds issued, and in at least 32% of the total fees paid by the issuer, in connection with the construction.
(1964 Code, § 19A-2) (Ord. 6542, § 1, passed 8-30-1971; Ord. 7969, § 2, passed 9-4-1979; Ord. 8900, § 1, passed 8-23-1983; Ord. 10120, § 1, passed 6-2-1988; Ord. 10858, § 1, passed 6-11-1991; Ord. 13245, § 1, passed 11-18-1997; Ord. 21934-09-2015, § 1, passed 9-29-2015)