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TX SB1496
Bill
Status
2/20/2025
Primary Sponsor
Charles Schwertner
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AI Summary
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Adds a new category of eligible municipality (subdivision 65) to Section 351.152 of the Tax Code: municipalities that are the county seat of a county with a population of 600,000 or more that is adjacent to the county containing the State Capitol
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Grants this newly eligible municipality authority to receive state hotel occupancy tax revenue derived from hotel and convention center projects under the existing statutory framework
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Allows the newly eligible municipality to pledge certain tax revenue for payment of obligations related to hotel and convention center projects
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Amends Section 351.157(b) to add the new municipality category (subdivision 65) to the list of municipalities eligible for specific tax revenue provisions
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Takes effect immediately if passed by two-thirds vote of both legislative chambers, otherwise effective 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
Referred to Economic Development
3/6/2025