The bill, 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. Specifically, it modifies Section 351.1015(b) to include additional criteria for municipalities eligible for these projects. The new criteria allow municipalities with populations of at least two million and those described by Section 334.0082(a)(2) of the Local Government Code to qualify. The bill also redesignates and amends existing subsections to clarify the definition of "qualified project," which now includes venues and related infrastructure for municipalities meeting the specified criteria.

Furthermore, the bill makes several deletions and insertions to refine the language and applicability of the law. For instance, it removes previous population thresholds and adds new ones, ensuring that municipalities with significant populations or specific characteristics can access the benefits of the tax revenue for development projects. The bill is set to take effect immediately upon receiving a two-thirds vote from both houses of the legislature or on September 1, 2025, if that threshold is not met.

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