Texas SB2622 amends tax code to specify which municipalities can use tax revenue from hotel and convention center projects.

Texas SB2622 amends the Tax Code to detail the applicability of tax revenue derived from hotel and convention center projects. The bill specifies that certain municipalities, based on population and geographic criteria, can use this tax revenue. These municipalities include those with specific population sizes, those located in counties with certain population thresholds, and those with particular geographic features or cultural significance. The bill also outlines conditions under which these municipalities can pledge this tax revenue for obligations related to the projects.

Texas SB2622 amends tax code to specify which municipalities can use tax revenue from hotel and convention center projects.

Texas SB2622 amends the Tax Code to detail the applicability of tax revenue derived from hotel and convention center projects. The bill specifies that certain municipalities, based on population and geographic criteria, can use this tax revenue. These municipalities include those with specific population sizes, those located in counties with certain population thresholds, and those with particular geographic features or cultural significance. The bill also outlines conditions under which these municipalities can pledge this tax revenue for obligations related to the projects.