Texas SB1703 amends the Tax Code to specify which municipalities can use tax revenue from hotel and convention center projects and pledge tax revenue.

Texas SB1703 amends the Tax Code to redefine the applicability of certain tax revenue from hotel and convention center projects, limiting it to specific municipalities based on population, geographic location, and other criteria. The bill details various conditions under which a municipality can use this tax revenue, including being the county seat of a large county, hosting cultural or historical sites, or being near significant waterways and military installations. The changes take effect immediately if approved by a two-thirds vote in the Texas Legislature, otherwise on September 1, 2025.

Texas SB1703 amends the Tax Code to specify which municipalities can use tax revenue from hotel and convention center projects and pledge tax revenue.

Texas SB1703 amends the Tax Code to redefine the applicability of certain tax revenue from hotel and convention center projects, limiting it to specific municipalities based on population, geographic location, and other criteria. The bill details various conditions under which a municipality can use this tax revenue, including being the county seat of a large county, hosting cultural or historical sites, or being near significant waterways and military installations. The changes take effect immediately if approved by a two-thirds vote in the Texas Legislature, otherwise on September 1, 2025.