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TX SB2090
Bill
Status
3/7/2025
Primary Sponsor
Bryan Hughes
Click for details
AI Summary
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Amends Section 351.153(a) of the Tax Code to add municipalities described by Section 351.152(9) to those eligible to receive tax revenue from hotel and convention center projects
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Amends Section 351.157(b) to add municipalities described by Section 351.152(9) to the list of municipalities authorized to pledge tax revenue for payment of obligations related to hotel and convention center projects
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Expands the existing statutory framework for hotel occupancy tax revenue sharing between the state and certain municipalities to include an additional category of municipality
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Takes effect immediately with a two-thirds vote of 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
Referred to Economic Development
3/24/2025