Texas SB1250 amends the definition of a project financing zone for municipalities using tax revenue for convention centers and arenas.

Texas SB1250 amends the Tax Code to redefine a "project financing zone" for certain municipalities. This zone can be designated by ordinance or agreement and must be within a three-mile radius of a qualified project or a contiguous area of equal or lesser size. The designation must specify the zone's boundaries and expires 30 years after creation. This Act takes effect September 1, 2025.

Texas SB1250 amends the definition of a project financing zone for municipalities using tax revenue for convention centers and arenas.

Texas SB1250 amends the Tax Code to redefine a "project financing zone" for certain municipalities. This zone can be designated by ordinance or agreement and must be within a three-mile radius of a qualified project or a contiguous area of equal or lesser size. The designation must specify the zone's boundaries and expires 30 years after creation. This Act takes effect September 1, 2025.