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 updates the definitions and criteria for municipalities eligible to participate in these projects by adding new categories, including those described by Section 351.152(22), (29), and (58). Additionally, it clarifies the definition of "qualified establishment" to include those located in municipalities described by Section 351.152(22) and outlines the conditions under which these establishments can be recognized for revenue purposes.

The bill also specifies that the nearest exterior wall of a qualified establishment must be within 1,000 feet of a qualified hotel or convention center, and it sets construction timelines for these establishments. The legislation is designed to facilitate the development of tourism-related infrastructure by allowing municipalities to pledge certain tax revenues for project-related obligations. The bill will take effect immediately upon receiving a two-thirds majority vote in both houses of the legislature; otherwise, it will become effective on September 1, 2025.

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