TX HB3066

Extends the period during which municipalities described by Section 351.152(46) of the Tax Code can receive state tax revenue from qualified hotel and convention center projects from 10 years to 20 years after the hotel opens for initial occupancy

Requires the comptroller to conduct a revenue comparison at the 40th anniversary (instead of the 20th) for these specific municipalities to determine if the municipality received more state tax revenue than the state did during the subsequent period

Municipalities must repay the difference to the state if their received revenue exceeded what the state collected during the comparison period, with payments made monthly from municipal hotel occupancy tax revenue

The comparison period for affected municipalities runs from the 20th to the 40th anniversary of hotel opening, rather than the standard 10th to 20th anniversary

Takes effect immediately upon receiving a two-thirds vote of both legislative chambers, otherwise takes effect September 1, 2025