TX HB2974

Authorizes municipalities in counties bordering Mexico and the Gulf of Mexico (population 70,000-180,000) to impose taxes to finance convention centers built before January 1, 2023, with authority expiring when debt is repaid or by January 1, 2054

Expands eligibility for municipal hotel occupancy tax revenue use to additional municipalities, including those with populations of 9,000+ in Travis County adjacent to State Highway 71, and municipalities with 285,000+ population located in two counties each exceeding 900,000 population

Adds new county hotel occupancy tax authority for counties bordering the Guadalupe River headwaters, the Llano/James River confluence, the Red River (population 125,000+), and counties bordering the Navasota River hosting annual renaissance festivals

Permits certain counties to use hotel tax revenue for airport repairs and improvements, civic center construction for rodeos and livestock shows, and historical preservation efforts

Extends the period for certain municipalities (Section 351.152(46)) to receive state tax revenue from qualified hotel projects from 10 years to 20 years after hotel opening, with corresponding clawback provisions adjusted to 40-year calculation periods