Texas HB3620 amends tax revenue use for qualified projects in specific municipalities.

Texas HB3620 amends Section 351.1015(b) of the Tax Code to specify that certain tax revenue can be used for qualified projects in municipalities with specific population criteria. These include municipalities with populations between 700,000 and 950,000, those containing over 70% of a county's population where the county has 1.5 million or more residents, and others meeting certain defined conditions. The bill takes effect September 1, 2025.

Texas HB3620 amends tax revenue use for qualified projects in specific municipalities.

Texas HB3620 amends Section 351.1015(b) of the Tax Code to specify that certain tax revenue can be used for qualified projects in municipalities with specific population criteria. These include municipalities with populations between 700,000 and 950,000, those containing over 70% of a county's population where the county has 1.5 million or more residents, and others meeting certain defined conditions. The bill takes effect September 1, 2025.