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Bill > SB720
TX SB720
TX SB720Relating 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.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/28/2023
04/28/2023
Crossed Over
04/27/2023
04/27/2023
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
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.
AI Summary
This bill expands 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. Specifically, it adds two new categories of municipalities that can receive this tax revenue: municipalities with a population of 100,000 or more that are wholly located in, but not the county seat of, a county with a population of one million or more, and municipalities that are the county seat of a county with a population of one million or more in which all or part of a municipality with a population of one million or more is located. The bill also requires certain municipalities to remit to the state any excess tax revenue received from the project over the amount of state tax revenue received by the state from the same sources.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 04/28/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB720 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00720E.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00720S.htm |
| Analysis (Senate Committee Report) | https://capitol.texas.gov/tlodocs/88R/analysis/html/SB00720S.htm |
| Fiscal Note (Senate Committee Report) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB00720S.htm |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB00720I.htm |
| Analysis (Introduced) | https://capitol.texas.gov/tlodocs/88R/analysis/html/SB00720I.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00720I.htm |
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