S.B. No. 1483, introduced by Hinojosa of Nueces, aims to expand the authority of certain municipalities in Texas to receive tax revenue generated from hotel and convention center projects. The bill amends Section 351.152 of the Tax Code to include a new category of municipalities eligible for these benefits, specifically adding (3-a) a municipality described by Section 351.001(11); among the existing classifications. This change allows more municipalities to access tax revenue and pledge it for obligations related to hotel and convention center projects, potentially enhancing local economic development and tourism. The bill is set to 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. The inclusion of additional municipalities under the tax revenue provisions reflects a strategic effort to support local economies through increased funding for tourism-related infrastructure.

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