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TX HB4109
Bill
Status
3/7/2025
Primary Sponsor
Daniel Alders
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AI Summary
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Amends Section 351.153(a) of the Tax Code to add municipalities described in Section 351.152(9) to those eligible to receive certain tax revenue from hotel and convention center projects
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Amends Section 351.157(b) of the Tax Code to add a new subsection (3-a) including municipalities described in Section 351.152(9) among those authorized to pledge tax revenue for payment of project-related obligations
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Expands the list of qualifying municipalities that can participate in state-supported hotel and convention center financing programs
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Takes effect immediately upon receiving a two-thirds vote from both legislative chambers; otherwise takes effect September 1, 2025
Legislative Description
Relating to the authority of certain municipalities to receive certain tax revenue derived from a hotel and convention center project and to pledge certain tax revenue for the payment of obligations related to the project.
Taxation
Last Action
Left pending in committee
4/14/2025