After years of hearing from former Township Board Directors that as an unincorporated area and the state’s only township, The Woodlands could not collect mixed beverage tax proceeds for local use, our new Township Board of Directors committed to taking the issue to the Texas Legislature. After just six months on the job and with thanks to our local legislators, HB 5311 is now law, allowing The Woodlands to capture approximately $1 million in annual tax revenue that would otherwise have gone to the state.
In addition, HB 5311 allows The Woodlands Township Board of Directors to create a Tourism Public Investment District (TPID). A funding mechanism endorsed by our local hotels, the TPID will allow them to assess a fee on hotel room stays that will be set aside to generate increased tourism through marketing efforts, as well as incentives that can be used to attract and retain conferences and large group visits to The Woodlands.
Hats off to our new Board of Directors for their great work pursuing this legislation which will result in significant new revenue and tourism for our unincorporated township!