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);. This addition broadens the scope of municipalities that can access tax revenue and pledge it for obligations related to such projects, potentially enhancing local economic development through tourism and convention activities. The bill is structured 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. This legislative move reflects a strategic effort to empower municipalities, particularly those that meet specific population and geographic criteria, to leverage tax revenues for the development and expansion of convention facilities, thereby fostering economic growth and attracting visitors.

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