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What are Liquidated Damages

You or your business may wish to sign a contract for services, or a lease contract for office space or for machinery. Contracts are usually for a certain term or length of time. After you enter the contract it may be that you are not happy with the other party and that you feel you are not receiving what you were promised when you signed the contract. You voice your…

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Management of HOT funds – Part III of Part III

Previously the Hotel Occupancy Tax (?HOT?) was defined and examples given of the appropriate use of HOT funds. Additionally a two-part test to determine if HOT funds were being spent appropriately was examined. A city will sometime hire a third party firm or organization to manage and use HOT funds. A contract with a third party should reference the statute authorizing the Hotel Tax and duties regarding the expenditures of…

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Hotel Occupancy Tax Funds- Part II of Part III

The Hotel Occupancy Tax (?HOT?) was defined and examples of proper uses of the tax were given in Part I. In Texas HOT tax funds may only be spent; (i) on authorized uses; and (ii) if the HOT funds are spent in a manner directly enhancing and promoting tourism and the convention and hotel industry. (emphasis added) A two-part test commonly recognized in Texas by administrative agencies and cities is:…

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Hotel Occupancy Tax Funds-Part I of III

January 15, 2013

The Hotel Occupancy Tax (?HOT?) is a municipal tax charged to individuals who stay at Hotels within a city or it?s Extra-Territorial Jurisdiction. The HOT tax is levied by Cities pursuant to state statute. For most cities in Texas, this tax is capped at 7.0 % of the price paid for a room in a hotel. The price paid for a room does not include the cost of food served…

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