The bill, S.B. No. 2830, amends the Texas Tax Code to enhance the authority of certain municipalities to receive tax revenue generated from hotel and convention center projects. Specifically, it expands the definition of applicable municipalities by adding new categories, including those described by Section 351.152(22), (29), and (58). Additionally, it modifies the definition of "qualified establishment" to include those located in municipalities described by Section 351.152(22) and clarifies the conditions under which these establishments can be recognized for tax revenue purposes.

The bill aims to facilitate the financing of hotel and convention center projects by allowing municipalities to pledge certain tax revenues for related obligations. It specifies that qualified establishments must be situated within a certain distance from qualified hotels or convention centers and outlines the criteria for their construction and ownership. The act will take effect immediately if it secures a two-thirds majority vote in both houses; otherwise, it will become effective on September 1, 2025.

Statutes affected:
Introduced: Tax Code 351.153, Tax Code 351.152 (Tax Code 351)