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TX HB1287
Bill
Status
11/13/2024
Primary Sponsor
Charlie Geren
Click for details
AI Summary
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Updates population threshold for municipalities eligible to use tax revenue for convention center facilities and related infrastructure from 650,000-750,000 to 850,000-950,000 residents based on the most recent federal decennial census
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Automatically extends project financing zone expiration dates by two years for zones designated in or before 2019 that were in existence on March 15, 2020
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Extension provision applies specifically due to the COVID-19 pandemic's impact on hotel-associated revenues
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Overrides any conflicting laws, ordinances, or agreements previously adopted under this section regarding zone expiration
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Takes effect September 1, 2025
Legislative Description
Relating to the use by certain municipalities of certain tax revenue to fund convention center facilities, multipurpose arenas, venues, and related infrastructure.
Taxation
Last Action
Referred to Ways & Means
3/10/2025