Texas SB1517 amends the Tax Code to specify which municipalities can receive tax revenue from hotel and convention center projects.
Texas SB1517 amends the Tax Code to detail the applicability of tax revenue from hotel and convention center projects to specific municipalities. The bill lists various criteria for municipalities, including population size, location in certain counties, and the presence of specific landmarks or institutions. These municipalities can receive and pledge tax revenue for obligations related to hotel and convention center projects. The act takes effect September 1, 2025.
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