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TX SB529
Bill
Status
5/30/2025
Primary Sponsor
Kevin Sparks
Click for details
AI Summary
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Municipalities with a population of 130,000 or more that qualify under Section 351.152(12) of the Tax Code may pledge or commit tax revenue for only two qualified hotel and convention center projects
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Amends Section 351.155 of the Tax Code by adding Subsection (c-1) to limit the number of projects eligible for tax revenue commitments in qualifying municipalities
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Extends the provisions of Section 351.157 to apply to municipalities covered by the new subsection regarding tax revenue from establishments near hotel and convention center projects
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Takes effect immediately upon receiving a two-thirds vote of both legislative chambers, or alternatively on September 1, 2025
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Passed the Senate 27-4 on April 30, 2025, and the House 108-33 on May 13, 2025
Legislative Description
Relating to the entitlement of certain municipalities to receive and use tax revenue from certain establishments located near a hotel and convention center project.
Taxation
Last Action
Effective immediately
5/30/2025