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TX HB3500
Bill
Status
2/27/2025
Primary Sponsor
Stan Gerdes
Click for details
AI Summary
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Amends Section 351.157(b) of the Tax Code to expand the list of municipalities eligible to receive and pledge additional tax revenue from hotel and convention center projects
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Adds municipalities described by Section 351.152(51) to the existing list of qualifying municipalities (inserted as new subsection 15-a)
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Allows the newly included municipality to use this tax revenue to pay obligations related to hotel and convention center development projects
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Takes effect immediately if passed by two-thirds vote of both legislative chambers; otherwise takes effect September 1, 2025
Legislative Description
Relating to the authority of certain municipalities to receive and pledge for the payment of obligations certain additional tax revenue derived from a hotel and convention center project.
Taxation
Last Action
Left pending in committee
4/14/2025