SB 2830

relating to the authority of certain municipalities to receive
certain tax revenue derived from a hotel and convention center
project and to pledge certain tax revenue for the payment of
obligations related to the project.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.  Section 351.153(a), Tax Code, is amended to read
(a)  This section applies only to a municipality described by
Section 351.152(5), (6), (22), (29), or (58).
SECTION 2.  Section 351.157(a), Tax Code, is amended to read
(a)  In this section, "qualified establishment" means an
(A)  owned by a municipality; or
(i)  any person if the establishment is
located in a municipality described by Section 351.152(3) or (22);
(ii)  the federal government if the
establishment is located in a municipality described by Section
(iii)  a nonprofit corporation, including a
public facility corporation, that is acting as or on behalf of, or
that is controlled by, a municipality, if the establishment is
located in a municipality described by Section 351.152(5);
(2)  the nearest exterior wall of which is located not
more than 1,000 feet from the nearest exterior wall of a qualified
hotel or qualified convention center facility;
(A)  on or after the date the municipality
commences a qualified project under this subchapter; or
(B)  at any time if the establishment is located
in a municipality described by Section 351.152(3);
(4)  that is not a sports stadium; and
(5)  that is the type of establishment described by
Subsection (c-1) from which the municipality is entitled to receive
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.