Texas SB1958 amends tax revenue usage rules for specific municipalities on qualified projects.

Texas SB1958 amends Section 351.1015(b) of the Tax Code to specify that certain tax revenue can be used for qualified projects in municipalities with specific population criteria. These include municipalities with populations between 700,000 and 950,000, those containing over 70% of a county's population where the county has 1.5 million or more residents, and others meeting certain defined conditions. The bill also resolves conflicts with other acts from the same legislative session and takes effect September 1, 2025.

Texas SB1958 amends tax revenue usage rules for specific municipalities on qualified projects.

Texas SB1958 amends Section 351.1015(b) of the Tax Code to specify that certain tax revenue can be used for qualified projects in municipalities with specific population criteria. These include municipalities with populations between 700,000 and 950,000, those containing over 70% of a county's population where the county has 1.5 million or more residents, and others meeting certain defined conditions. The bill also resolves conflicts with other acts from the same legislative session and takes effect September 1, 2025.