Texas SB2486 amends the Tax Code to specify which municipalities can receive and pledge additional tax revenue from hotel and convention center.

Texas SB2486 amends Section 351.157(b) of the Tax Code to clarify the municipalities eligible to receive and pledge additional tax revenue derived from hotel and convention center projects. The bill specifies a list of municipalities by referencing certain sections of the Tax Code. The Act will take immediate effect if approved by a two-thirds vote in both legislative houses; otherwise, it will take effect on September 1, 2025.

Texas SB2486 amends the Tax Code to specify which municipalities can receive and pledge additional tax revenue from hotel and convention center.

Texas SB2486 amends Section 351.157(b) of the Tax Code to clarify the municipalities eligible to receive and pledge additional tax revenue derived from hotel and convention center projects. The bill specifies a list of municipalities by referencing certain sections of the Tax Code. The Act will take immediate effect if approved by a two-thirds vote in both legislative houses; otherwise, it will take effect on September 1, 2025.