Texas SB529 amends the Tax Code to allow certain large municipalities to receive tax revenue from establishments near hotel and convention center.

Texas SB529 modifies the Tax Code to expand the eligibility of municipalities to receive tax revenue from certain establishments located near hotel and convention center projects. Specifically, it applies to municipalities with a population of 130,000 or more. The bill's effective date depends on a two-thirds vote in both legislative houses, with a default effective date of September 1, 2025.

Texas SB529 amends the Tax Code to allow certain large municipalities to receive tax revenue from establishments near hotel and convention center.

Texas SB529 modifies the Tax Code to expand the eligibility of municipalities to receive tax revenue from certain establishments located near hotel and convention center projects. Specifically, it applies to municipalities with a population of 130,000 or more. The bill's effective date depends on a two-thirds vote in both legislative houses, with a default effective date of September 1, 2025.