Texas SB2532 amends the calculation of voter-approval tax rates for municipalities receiving hotel occupancy tax revenue.

Texas SB2532 modifies the formulas for calculating voter-approval tax rates for certain municipalities, including special taxing units and eligible coastal municipalities. The bill introduces specific formulas for calculating these rates based on factors such as maintenance and operations expenses, debt rates, and misspent hotel occupancy tax revenue. The changes apply to ad valorem taxes imposed for tax years beginning after the bill's effective date of January 1, 2026.

Texas SB2532 amends the calculation of voter-approval tax rates for municipalities receiving hotel occupancy tax revenue.

Texas SB2532 modifies the formulas for calculating voter-approval tax rates for certain municipalities, including special taxing units and eligible coastal municipalities. The bill introduces specific formulas for calculating these rates based on factors such as maintenance and operations expenses, debt rates, and misspent hotel occupancy tax revenue. The changes apply to ad valorem taxes imposed for tax years beginning after the bill's effective date of January 1, 2026.