Texas SB2830 amends tax code to clarify which municipalities can receive tax revenue from hotel and convention center projects and pledge that.

Texas SB2830 amends the state tax code to specify that certain municipalities can receive tax revenue derived from hotel and convention center projects. The bill defines "qualified establishment" as an establishment located on specific types of land and within 1,000 feet of a qualified hotel or convention center facility. These municipalities can pledge the tax revenue for obligations related to the project. The changes apply to municipalities described by specific sections of the tax code and take effect immediately if passed by a two-thirds vote, otherwise on September 1, 2025.

Texas SB2830 amends tax code to clarify which municipalities can receive tax revenue from hotel and convention center projects and pledge that.

Texas SB2830 amends the state tax code to specify that certain municipalities can receive tax revenue derived from hotel and convention center projects. The bill defines "qualified establishment" as an establishment located on specific types of land and within 1,000 feet of a qualified hotel or convention center facility. These municipalities can pledge the tax revenue for obligations related to the project. The changes apply to municipalities described by specific sections of the tax code and take effect immediately if passed by a two-thirds vote, otherwise on September 1, 2025.