The bill, S.B. No. 1518, amends Section 351.155(d) of the Texas Tax Code to expand the authority of certain municipalities to utilize specific tax revenue for hotel and convention center projects. The amendment specifies that the restrictions outlined in subsection (c) do not apply to municipalities with a population of 175,000 or more, as well as to municipalities described by Section 351.152(10). This change aims to provide greater flexibility for larger municipalities in funding such projects, potentially enhancing local tourism and economic development.

The bill is set to take effect immediately upon receiving a two-thirds vote from all elected members of both houses of the legislature. If the necessary vote is not achieved, the bill will take effect on September 1, 2025. This timeline underscores the urgency and importance of the proposed changes for municipalities seeking to invest in hotel and convention center infrastructure.

Statutes affected:
Introduced: Tax Code 351.155 (Tax Code 351)