Bill > SB2486

This bill amends Section 351.157(b) of the Texas Tax Code by adding a reference to a specific type of municipality described in Section 351.152(51) to the list of municipalities that are eligible for certain tax revenue provisions related to hotel and convention center projects. The bill appears to be expanding the scope of municipalities that can receive and pledge additional tax revenue derived from such projects. The amendment is technical in nature, simply adding another municipal classification to an existing list of eligible jurisdictions. The bill includes a standard legislative provision that it will take effect immediately if it receives a two-thirds vote in both legislative chambers, or otherwise will become effective on September 1, 2025. While the specific details about the exact nature of the municipal classification are not provided in the bill text, it seems to be part of a broader set of legislative updates to tax code provisions governing municipal financing mechanisms for hospitality and convention-related infrastructure projects.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2486