H.B. No. 4659 amends the Texas Tax Code to expand the authority of certain municipalities to receive tax revenue from hotel and convention center projects. The bill specifically updates Section 351.152 to include new criteria for municipalities eligible to receive these funds. Notably, it adds a new category (65) for municipalities with a population of 16,000 or more that are entirely located within a county of 2.6 million or more and are designated as a "town" in the latest U.S. Census. Additionally, it removes a previous category (64) related to municipalities that are county seats with specific characteristics.

The bill also modifies Section 351.157(b) to specify which municipalities are eligible for certain provisions, including the newly added category (65). This change aims to ensure that more municipalities can benefit from tax revenue generated by hotel and convention center projects, thereby potentially enhancing local economies. The act is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that threshold is not met.

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