Texas HB266 amends the Tax Code to specify which municipalities can use tax revenue from hotel and convention center projects.

Texas HB266 amends Section 351.152 of the Tax Code to clarify the applicability of tax revenue derived from hotel and convention center projects. The bill identifies specific municipalities eligible to use this tax revenue based on population size, geographic location, and other criteria such as the presence of cultural heritage sites, military installations, and state parks. The changes take effect immediately if approved by a two-thirds vote in both legislative houses, otherwise on the 91st day after the legislative session ends.

Texas HB266 amends the Tax Code to specify which municipalities can use tax revenue from hotel and convention center projects.

Texas HB266 amends Section 351.152 of the Tax Code to clarify the applicability of tax revenue derived from hotel and convention center projects. The bill identifies specific municipalities eligible to use this tax revenue based on population size, geographic location, and other criteria such as the presence of cultural heritage sites, military installations, and state parks. The changes take effect immediately if approved by a two-thirds vote in both legislative houses, otherwise on the 91st day after the legislative session ends.