Bill
Bill > SB1167
TX SB1167
TX SB1167Relating 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
02/23/2023
02/23/2023
In Committee
04/14/2023
04/14/2023
Crossed Over
04/12/2023
04/12/2023
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 amends the Tax Code to expand the list of municipalities that are subject to certain provisions related to receiving and pledging tax revenue from a hotel and convention center project. The bill also adds a new section that requires certain municipalities to remit to the state the difference between the total state tax revenue they received from the project and the state tax revenue received by the state during a specific period, if the municipal amount exceeds the state amount. The bill has an immediate or September 1, 2023 effective date, depending on whether it receives a two-thirds vote in each legislative chamber.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 04/14/2023)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB1167 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB01167E.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB01167S.htm |
| Analysis (Senate Committee Report) | https://capitol.texas.gov/tlodocs/88R/analysis/html/SB01167S.htm |
| Fiscal Note (Senate Committee Report) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB01167S.htm |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/SB01167I.htm |
| Analysis (Introduced) | https://capitol.texas.gov/tlodocs/88R/analysis/html/SB01167I.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB01167I.htm |
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