Senate Bill No. 1756 amends the Texas Tax Code to restrict municipalities' ability to pledge or commit tax revenue for hotel and convention center projects. The bill introduces several new provisions, including a limit that allows a municipality to commit revenue for only one qualified project at a time. Once a municipality has made such a commitment, it cannot pledge revenue for another project unless that project is authorized by a new act of the legislature that becomes law on or after January 1, 2026. This applies to various types of projects, including hotel projects, multipurpose convention center facilities, and other qualified projects.

Additionally, the bill specifies that municipalities with populations over 1.5 million are prohibited from committing revenue for certain projects initiated after December 1, 2016, unless authorized by future legislation. The bill also repeals a previous provision related to revenue commitments and clarifies that existing obligations for which revenue was pledged before the bill's effective date will remain valid under the previous law. The changes will take effect on January 1, 2026.

Statutes affected:
Introduced: Tax Code 351.1015, Tax Code 351.102, Tax Code 351.1021, Tax Code 351.1022, Tax Code 351.106, Tax Code 351.155 (Tax Code 351)
Senate Committee Report: Tax Code 351.1015, Tax Code 351.102, Tax Code 351.1021, Tax Code 351.1022, Tax Code 351.106, Tax Code 351.155 (Tax Code 351)
Engrossed: Tax Code 351.1015, Tax Code 351.102, Tax Code 351.1021, Tax Code 351.1022, Tax Code 351.106, Tax Code 351.155 (Tax Code 351)