Texas SB1518 amends the Tax Code to allow certain large municipalities to use specific tax revenue for hotel and convention center projects.

Texas SB1518 modifies the Tax Code to exempt certain municipalities from restrictions on using tax revenue for hotel and convention center projects. Specifically, it excludes municipalities with a population of 175,000 or more and those described by Section 351.152(10). The bill's effective date is contingent on a two-thirds vote by the Texas Legislature, with a default effective date of September 1, 2025, if the necessary vote is not achieved.

Texas SB1518 amends the Tax Code to allow certain large municipalities to use specific tax revenue for hotel and convention center projects.

Texas SB1518 modifies the Tax Code to exempt certain municipalities from restrictions on using tax revenue for hotel and convention center projects. Specifically, it excludes municipalities with a population of 175,000 or more and those described by Section 351.152(10). The bill's effective date is contingent on a two-thirds vote by the Texas Legislature, with a default effective date of September 1, 2025, if the necessary vote is not achieved.