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Bill > HB2608


TX HB2608

Relating to the use by certain municipalities of certain tax revenue to fund convention center facilities, multipurpose arenas, venues, and related infrastructure.


summary

Introduced
02/22/2023
In Committee
05/09/2023
Crossed Over
05/04/2023
Passed
Dead
05/29/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to the use by certain municipalities of certain tax revenue to fund convention center facilities, multipurpose arenas, venues, and related infrastructure.

AI Summary

This bill amends the Tax Code to apply a provision regarding the use of certain tax revenue by municipalities with a population between 850,000 and 950,000 (previously 650,000 to 750,000) to fund convention center facilities, multipurpose arenas, venues, and related infrastructure. The bill also automatically extends for two years the expiration date of any project financing zones designated in or before 2019 and in existence on March 15, 2020, due to the effect of the COVID-19 pandemic on hotel-associated revenues.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (1)

Last Action

Referred to Natural Resources & Economic Development (on 05/09/2023)

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