S.B. No. 2670 amends the Texas Tax Code to expand the authority of certain municipalities to utilize tax revenue for hotel and convention center projects, as well as other qualified projects. The bill specifically modifies Section 351.1015(b) to include additional criteria for municipalities eligible for these projects, such as those with populations between 700,000 and 950,000, those containing over 70% of a county's population of 1.5 million or more, and municipalities with populations of at least two million. It also introduces new categories of municipalities that can qualify for these projects, including those described by Section 334.0082(a)(2) of the Local Government Code.

Furthermore, the bill redesignates and amends existing sections to clarify the definition of "qualified project" and the role of local government corporations in these initiatives. Notably, it redefines the term to include venues and related infrastructure for municipalities that meet specific population criteria. The bill also ensures that it takes precedence over any conflicting legislation from the 89th Legislature and stipulates that it will 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 334.001 (Tax Code 334)