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Bill > HB1962
TX HB1962
TX HB1962Relating 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
04/24/2023
04/24/2023
Crossed Over
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 amends the Texas Tax Code to expand the municipalities that can receive certain tax revenue derived from a hotel and convention center project and pledge that tax revenue to pay obligations related to the project. The bill adds several new categories of municipalities, including those 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 1 million or more where a municipality with a population of 1 million or more is located and the county is adjacent to a county with a population of 2.5 million or more. The bill takes effect on September 1, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Reported favorably as substituted (on 04/24/2023)
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=HB1962 |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/HB01962I.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB01962I.htm |
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