Testimony against SB 309 - Expanding the Major events trust fund

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Uploaded by on Mar 18, 2011

The "other events trust fund" was established in 2004 to attract the Super Bowl to Houston. In 2009 it was renamed "major events trust fund" and was expanded to include Formula 1 and the Breeder's Cup. It applies to events that expect to bring in more than $15 million in tax revenue. These events may enter a 10 year contract with Texas to be reimbursed the event's estimated tax revenue.

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Nonprofits & Activism

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