S.B. No. 1703 amends Section 351.152 of the Texas Tax Code to expand the applicability of certain tax revenue provisions related to hotel and convention center projects. The bill introduces new criteria for municipalities to qualify for these provisions, including a new category for municipalities with a population of more than 130,000 but less than 1.3 million that are located in three counties, each with a population exceeding 900,000. Additionally, it removes a previous provision that allowed municipalities to qualify if they were 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 bill aims to enhance the ability of larger municipalities to utilize tax revenue for the development and expansion of convention center facilities, thereby promoting economic development and tourism. The changes reflect a strategic focus on municipalities with significant populations and regional influence, potentially increasing their capacity to attract events and visitors. The act is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if such a vote is not achieved.

Statutes affected:
Introduced: Tax Code 351.152, Tax Code 351.157 (Tax Code 351)
Senate Committee Report: Tax Code 351.152 (Tax Code 351)