Texas HB2408 modifies tax revenue rules for certain municipalities to support hotel and convention center projects.

Texas HB2408 amends the Tax Code to specify which municipalities can pledge tax revenue for hotel and convention center projects. It applies to municipalities described by certain sections of the Tax Code. Other municipalities must start a qualified project before September 1, 2027, to receive revenue. The act takes effect immediately if approved by two-thirds of the legislature, otherwise it will take effect on September 1, 2025.

Texas HB2408 modifies tax revenue rules for certain municipalities to support hotel and convention center projects.

Texas HB2408 amends the Tax Code to specify which municipalities can pledge tax revenue for hotel and convention center projects. It applies to municipalities described by certain sections of the Tax Code. Other municipalities must start a qualified project before September 1, 2027, to receive revenue. The act takes effect immediately if approved by two-thirds of the legislature, otherwise it will take effect on September 1, 2025.