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TX SB2830
Bill
Status
3/14/2025
Primary Sponsor
Joan Huffman
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AI Summary
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Amends Section 351.153(a) of the Tax Code to add municipalities described under Section 351.152(22) to those eligible to receive certain tax revenue from hotel and convention center projects
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Expands the definition of "qualified establishment" in Section 351.157(a) to include establishments located on land owned by any person if situated in a municipality described by Section 351.152(22)
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Allows the newly eligible municipalities to pledge tax revenue for payment of obligations related to qualified hotel and convention center 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 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
4/7/2025