HB 2408
AN ACT relating to the authority of certain municipalities to pledge
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Allows certain municipalities to pledge and receive specific tax revenues related to hotels and conventions, focusing on specific types of municipalities as defined in the Texas Tax Code. The legislation modifies existing statutes to enable these municipalities to use tax revenues for funding obligations and project developments related to hotel and convention facilities. The act takes effect either immediately with a two-thirds legislative vote or on September 1, 2025, if that threshold is not met.
Subject Areas
Bill Text
relating to the authority of certain municipalities to pledge certain tax revenue for the payment of obligations related to, and receive certain tax revenue derived from, a hotel and convention BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 351.1022(a), Tax Code, is amended to (a) This section applies only to: (1) a municipality described by Section (2) a municipality described by Section 351.152(14). SECTION 2. Section 351.157(e), Tax Code, is amended to read (e) A municipality to which this section applies, other than a municipality described by Section 351.152(14), is not entitled to receive revenue under Subsection (d) unless the municipality commences a qualified project under this subchapter before SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2025.
Bill History
Bill filed: AN ACT relating to the authority of certain municipalities to pledge
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