Bill > HB2313

This bill modifies the Tax Code to expand the definition and applicability of "project financing zones" for certain municipalities. Specifically, the bill allows municipalities to designate project financing zones with boundaries either within a three-mile radius of a qualified project's center or, for certain municipalities designated by a specific legal provision, within a continuous geographic area that does not exceed the three-mile radius. The bill also broadens the list of municipalities eligible to create such zones, adding new categories such as municipalities with populations over 250,000 and those meeting specific population or county-related criteria. The changes provide more flexibility for municipalities in creating project financing zones, which are areas designated by local governments for specific economic development or infrastructure projects. The bill will take effect on September 1, 2025, and prevails over any conflicting legislation from the same legislative session. The modifications aim to support local economic development efforts by giving municipalities more options for using tax revenue for qualified projects.

Budget and Finance, Business and Industry

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2313