Texas SB1071 amends the Tax Code to specify which municipalities can receive tax revenue from hotel and convention center projects.

Texas SB1071 amends the Tax Code to specify which municipalities can receive tax revenue from hotel and convention center projects. The bill lists specific criteria for municipalities, including population size, location, and other characteristics. It also details the conditions under which these municipalities can pledge certain tax revenue for obligations related to the project. The changes take effect immediately if approved by a two-thirds vote in both houses, otherwise, they take effect September 1, 2025.

Texas SB1071 amends the Tax Code to specify which municipalities can receive tax revenue from hotel and convention center projects.

Texas SB1071 amends the Tax Code to specify which municipalities can receive tax revenue from hotel and convention center projects. The bill lists specific criteria for municipalities, including population size, location, and other characteristics. It also details the conditions under which these municipalities can pledge certain tax revenue for obligations related to the project. The changes take effect immediately if approved by a two-thirds vote in both houses, otherwise, they take effect September 1, 2025.