Texas HB3693 amends the Tax Code to specify which municipalities can use certain tax revenue for qualified projects.

Texas HB3693 amends Section 351.1015(b) of the Tax Code to clarify that certain tax revenue can be used for qualified projects only in specific municipalities. These municipalities include those with a population of at least 700,000 but less than 950,000, those containing more than 70 percent of a county's population where the county has at least 1.5 million residents, and others meeting certain criteria. The bill takes effect September 1, 2025.

Texas HB3693 amends the Tax Code to specify which municipalities can use certain tax revenue for qualified projects.

Texas HB3693 amends Section 351.1015(b) of the Tax Code to clarify that certain tax revenue can be used for qualified projects only in specific municipalities. These municipalities include those with a population of at least 700,000 but less than 950,000, those containing more than 70 percent of a county's population where the county has at least 1.5 million residents, and others meeting certain criteria. The bill takes effect September 1, 2025.