The bill, H.B. No. 3117, amends Section 351.152 of the Texas Tax Code to expand the authority of certain municipalities to utilize specific tax revenue for hotel and convention center projects. The bill introduces new criteria for eligibility, including municipalities with populations of 7,000 or more that contain Lake Marble Falls, and it also removes a previous provision regarding municipalities that are the county seat of a county with a population of 60,000 or less that borders the Rio Grande and contains a historic military fort.
The changes aim to enhance the ability of various municipalities to fund and develop tourism-related infrastructure, thereby potentially boosting local economies. The bill will take effect immediately if it receives a two-thirds majority vote in both houses; otherwise, it will become effective on September 1, 2025.
Statutes affected: Introduced: Tax Code 351.152, Tax Code 351.153 (Tax Code 351)
House Committee Report: Tax Code 351.152 (Tax Code 351)