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Bill > SB1057


TX SB1057

TX SB1057
Relating to the authority of certain municipalities and local government corporations to use certain tax revenue for certain qualified projects.


summary

Introduced
02/21/2023
In Committee
05/16/2023
Crossed Over
04/17/2023
Passed
05/26/2023
Dead
Signed/Enacted/Adopted
06/18/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to the authority of certain municipalities and local government corporations to use certain tax revenue for certain qualified projects.

AI Summary

This bill amends the Texas Tax Code to allow certain municipalities and local government corporations to use certain tax revenue, such as hotel occupancy tax, for qualified projects, including venues and related infrastructure. The bill applies to municipalities with populations of at least 650,000 but less than 750,000, or municipalities with populations of at least two million, as well as to local government corporations authorized to collect municipal hotel occupancy tax and located in a county with a population of 3.3 million or more. The bill takes effect on September 1, 2023.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (4)

Last Action

Effective on 9/1/23 (on 06/18/2023)

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