The bill, S.B. No. 2830, amends the Texas Tax Code to enhance the authority of certain municipalities to receive tax revenue from hotel and convention center projects. Specifically, it modifies Section 351.153(a) to include additional types of municipalities, identified by new categories (22), (29), and (58), that can benefit from these provisions. Furthermore, Section 351.157(a) is amended to redefine "qualified establishment" by adding municipalities described by Section 351.152(22) as eligible for certain tax revenue, thereby broadening the scope of establishments that can qualify for these benefits.

The bill aims to facilitate the development of hotel and convention center projects by allowing municipalities to pledge tax revenue for related obligations, thereby promoting economic growth and tourism. The act will take effect immediately if it secures 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)