Texas HB4109 amends tax code to specify which municipalities can receive and pledge tax revenue from hotel and convention center projects.

Texas HB4109 amends the state tax code to clarify the authority of specific municipalities to receive and pledge tax revenue derived from hotel and convention center projects. The bill specifies which municipalities are eligible under certain sections of the tax code, affecting how these municipalities can manage and utilize tax revenues for related obligations. The changes take effect immediately if the bill receives a two-thirds vote in both legislative houses; otherwise, they will take effect on September 1, 2025.

Texas HB4109 amends tax code to specify which municipalities can receive and pledge tax revenue from hotel and convention center projects.

Texas HB4109 amends the state tax code to clarify the authority of specific municipalities to receive and pledge tax revenue derived from hotel and convention center projects. The bill specifies which municipalities are eligible under certain sections of the tax code, affecting how these municipalities can manage and utilize tax revenues for related obligations. The changes take effect immediately if the bill receives a two-thirds vote in both legislative houses; otherwise, they will take effect on September 1, 2025.