The bill, H.B. No. 3076, amends Section 351.1015(b) of the Texas Tax Code to expand the authority of certain municipalities to utilize specific tax revenue for qualified projects. The revised section now includes additional criteria for municipalities eligible for these projects. Specifically, it allows municipalities with populations of at least 700,000 but less than 950,000, those containing over 70% of a county's population with 1.5 million or more, and municipalities with populations of two million or more. Furthermore, it introduces new categories for municipalities with populations of 200,000 or more, as well as those described by specific sections of the Tax Code.

The bill also makes several deletions and insertions to clarify the eligibility criteria for municipalities. Notably, it removes previous references to certain population thresholds and replaces them with updated definitions that include a broader range of municipalities. The act is set to take effect on September 1, 2025, and it stipulates that it will prevail over any conflicting legislation from the 89th Legislature's Regular Session regarding nonsubstantive changes to the enacted codes.