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HOT Funds

HOT Funds

It’s that time again! Applications for HOT funds are being accepted at the Chamber. Don’t know what HOT funds are? Here is a brief explanation. The City collects taxes from hotels, motels, B&B’s and inns. A portion of those funds are awarded to qualifying businesses in August of each year. What qualifies a business? Under state law, the revenue from the HOT may be used only to directly promote tourism and the convention and hotel industry. Chapter 351 of the Tax Code states that the use of HOT funds is limited to:
 
TOURISM
THE ARTS
VISITORS CENTER
CONVENTIONS
HISTORICAL RESTORATION
SPORTING EVENTS
All of these events must prove to increase hotel occupancy during the event.
 
If you think your business event may qualify, contact 409-384-2762 or email jaspercc@jaspercoc.org
By | 2018-06-12T15:50:14+00:00 June 12th, 2018|Blog, Member Spotlight|0 Comments