Texas HB2974 modifies tax code to allow certain municipalities to use and receive tax revenue for hotel and convention center projects.

Texas HB2974 amends the Tax Code to expand the authority of certain municipalities to use and receive tax revenue for hotel and convention center projects. Specifically, it exempts municipalities with a population of 175,000 or more, and those with a population of 130,000 or more that meet certain criteria, from restrictions on using tax revenue for these projects. Additionally, it extends the application of a specific tax section to include these municipalities.

Texas HB2974 modifies tax code to allow certain municipalities to use and receive tax revenue for hotel and convention center projects.

Texas HB2974 amends the Tax Code to expand the authority of certain municipalities to use and receive tax revenue for hotel and convention center projects. Specifically, it exempts municipalities with a population of 175,000 or more, and those with a population of 130,000 or more that meet certain criteria, from restrictions on using tax revenue for these projects. Additionally, it extends the application of a specific tax section to include these municipalities.