Texas HB3196 amends tax code to specify which municipalities can receive and pledge tax revenue from hotel and convention center projects.

Texas HB3196 amends Section 351.152 of the Tax Code to detail the applicability of tax revenue from hotel and convention center projects to specific municipalities. These municipalities must meet criteria such as population size, geographic location, and presence of certain landmarks or institutions. The bill outlines various conditions, including municipalities with populations under 50,000, those near space centers, and those with cultural or historic significance. The act takes effect immediately if it receives a two-thirds vote in both houses, otherwise it takes effect September 1, 2025.

Texas HB3196 amends tax code to specify which municipalities can receive and pledge tax revenue from hotel and convention center projects.

Texas HB3196 amends Section 351.152 of the Tax Code to detail the applicability of tax revenue from hotel and convention center projects to specific municipalities. These municipalities must meet criteria such as population size, geographic location, and presence of certain landmarks or institutions. The bill outlines various conditions, including municipalities with populations under 50,000, those near space centers, and those with cultural or historic significance. The act takes effect immediately if it receives a two-thirds vote in both houses, otherwise it takes effect September 1, 2025.