Texas HB1186 amends tax revenue entitlement for municipalities near hotel and convention center projects.

Texas HB1186 amends the Tax Code to expand the entitlement of certain municipalities to receive tax revenue from establishments located near a hotel and convention center project. Specifically, it applies to municipalities with a population of 130,000 or more. The bill's effective date depends on a two-thirds vote in both legislative houses, with an immediate effect if achieved, or September 1, 2025, if not.

Texas HB1186 amends tax revenue entitlement for municipalities near hotel and convention center projects.

Texas HB1186 amends the Tax Code to expand the entitlement of certain municipalities to receive tax revenue from establishments located near a hotel and convention center project. Specifically, it applies to municipalities with a population of 130,000 or more. The bill's effective date depends on a two-thirds vote in both legislative houses, with an immediate effect if achieved, or September 1, 2025, if not.