(j) The Texas casino and slot gaming fund is a special fund
in the state treasury. All application fees, investigation fees,
and license fees collected by the Texas Gaming Commission or on the
commission's behalf related to casino and slot gaming shall be
deposited to the credit of the Texas casino and slot gaming fund.
Except as provided by this section, the Texas casino and slot gaming
fund may only be used for the operation of the commission and the
administration of this section.
If the money in the fund exceeds
the amount necessary for the operation of the commission and the
administration of this section, the legislature shall transfer any
excess amount to the dedicated account known as the property tax
relief fund in the general revenue fund. Money from the property
tax relief fund may only be appropriated for a purpose that results
in a reduction of the average school district maintenance and
operations tax rate or as otherwise provided by general law.
(k)
An applicant applying for an owner's license for a
casino-anchored destination attraction development project must
submit to the Texas Gaming Commission a $50 million application
fee. An applicant applying for an owner's license for a slot
establishment must submit to the commission a $25 million
application fee. If an applicant is not awarded an owner's license,
the commission shall refund the application fee less the costs
incurred by the commission in reviewing the application and
conducting a criminal background investigation on the applicant.
(l)
A casino gaming tax in an amount equal to 15 percent of
the gross gaming revenue of the casino operated under the license is
imposed on each holder of a casino owner's license. The tax shall be
computed and paid on a monthly basis in accordance with the
procedures established by rule of the Texas Gaming Commission.
(m)
A slot gaming tax in an amount equal to 35 percent of the
gross slot income of the slot establishment operated under the
license is imposed on each holder of a slot establishment owner's
license. The tax shall be computed and paid on a monthly basis in
accordance with the procedures established by rule of the Texas
Gaming Commission.
(n) Of the revenue from the taxes imposed by Subsections (l)
and (m) of this section:
(1)
one-thirtieth of the revenue is allocated to the
municipality in which the casino to which the license relates is
located and one-thirtieth of the revenue is allocated to the county
in which the casino to which the license relates is located; or