The bill, S.B. No. 529, amends the Texas Tax Code to expand the eligibility of certain municipalities to receive tax revenue from establishments located near hotel and convention center projects. Specifically, it adds a new subsection (b-1) to Section 351.157, which states that in addition to the municipalities already described in Subsection (b), the provisions of this section will also apply to municipalities with a population of 130,000 or more that are defined under Section 351.152(12).

The bill is designed to provide additional financial support to larger municipalities that meet the specified criteria, thereby enhancing their ability to benefit from nearby commercial activities associated with hotel and convention centers. The act will take effect immediately upon receiving a two-thirds majority vote from both houses of the legislature; otherwise, it will become effective on September 1, 2025.

Statutes affected:
Introduced: Tax Code 351.157 (Tax Code 351)