Texas SB2955 amends tax revenue rules for specific Texas municipalities to fund hotel and convention center projects.

Texas SB2955 amends the Tax Code to specify which Texas municipalities can receive tax revenue from hotel and convention center projects and pledge certain tax revenue for related obligations. The bill applies to municipalities meeting specific criteria, such as population size, geographic location, and presence of notable landmarks or institutions. These criteria include municipalities hosting annual festivals, containing cultural or historical sites, or being located in counties with significant populations.

Texas SB2955 amends tax revenue rules for specific Texas municipalities to fund hotel and convention center projects.

Texas SB2955 amends the Tax Code to specify which Texas municipalities can receive tax revenue from hotel and convention center projects and pledge certain tax revenue for related obligations. The bill applies to municipalities meeting specific criteria, such as population size, geographic location, and presence of notable landmarks or institutions. These criteria include municipalities hosting annual festivals, containing cultural or historical sites, or being located in counties with significant populations.