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Bill > SB627
TX SB627
TX SB627Relating to the entitlement of certain municipalities to certain tax revenue related to a hotel and convention center project.
summary
Introduced
01/26/2023
01/26/2023
In Committee
05/17/2023
05/17/2023
Crossed Over
04/20/2023
04/20/2023
Passed
05/26/2023
05/26/2023
Dead
Signed/Enacted/Adopted
06/18/2023
06/18/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to the entitlement of certain municipalities to certain tax revenue related to a hotel and convention center project.
AI Summary
This bill amends the Texas Tax Code to expand the types of establishments that certain municipalities can receive tax revenue from related to a hotel and convention center project. The bill also requires a municipality that has received a significant amount of state tax revenue from such a project to remit a portion of that revenue back to the state on the 20th anniversary of the project's opening. The bill applies to specific municipalities described in the Tax Code and aims to recapture lost state tax revenue from certain hotel and convention center projects.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (2)
Last Action
Effective immediately (on 06/18/2023)
Official Document
bill text
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bill summary
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bill summary
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