S.B. No. 1483, introduced by Hinojosa of Nueces, seeks to amend the Tax Code to expand the authority of certain municipalities to receive tax revenue generated from hotel and convention center projects. The bill specifically adds a new category of municipalities eligible for this tax revenue by inserting a new provision, (3-a) a municipality described by Section 351.001(11);. This amendment allows municipalities that meet this new criterion to pledge tax revenue for obligations related to such projects, thereby enhancing their financial capabilities to support tourism and economic development initiatives. The bill outlines a comprehensive list of municipalities that qualify under various population and geographic criteria, ensuring that a diverse range of communities can benefit from the financial incentives associated with hotel and convention center projects. The proposed changes aim to stimulate local economies by facilitating the development of infrastructure that attracts visitors and promotes events. The act is set to take effect immediately upon receiving a two-thirds majority vote in both houses or on September 1, 2025, if that threshold is not met.

Statutes affected:
Introduced: Tax Code 351.152 (Tax Code 351)
Senate Committee Report: Tax Code 351.152 (Tax Code 351)