SB1496 amends Texas tax law to specify which municipalities can receive and pledge tax revenue for hotel and convention center projects.

The bill amends the Texas Tax Code to clarify which municipalities are eligible to receive and pledge tax revenue derived from hotel and convention center projects. The changes apply to specific municipalities based on population size, geographic location, and other criteria such as proximity to certain landmarks or institutions. The bill takes effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it takes effect September 1, 2025.

SB1496 amends Texas tax law to specify which municipalities can receive and pledge tax revenue for hotel and convention center projects.

The bill amends the Texas Tax Code to clarify which municipalities are eligible to receive and pledge tax revenue derived from hotel and convention center projects. The changes apply to specific municipalities based on population size, geographic location, and other criteria such as proximity to certain landmarks or institutions. The bill takes effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it takes effect September 1, 2025.