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 of the Tax Code, including Section 351.1015(j), which is now referred to as Section 351.1015(j-1), allowing local government corporations in certain populous counties to act as municipalities for the purposes of this section. The definition of "qualified project" is also expanded to include venues and related infrastructure for municipalities meeting specific criteria. The bill ensures that it takes precedence over any conflicting legislation from the 89th Legislature and establishes an immediate effect upon receiving a two-thirds vote from both houses, or a delayed effect if not.

Statutes affected:
Introduced: Tax Code 334.001 (Tax Code 334)