TX
Texas House Bill HB4376

Texas 2009 - 81st Regular

Texas House Bill HB4376

Filed
 
Out of House Committee
4/23/09  
Voted on by House
5/5/09  
Out of Senate Committee
5/19/09  
Voted on by Senate
5/26/09  
Governor Action
6/19/09  
Bill Becomes Law
 
Enrolled
5/29/09  

Caption

Relating to the authority of the Baytown Municipal Development District to use sales tax revenue to promote new or expanded business development.

Impact

The enactment of HB4376 could significantly affect local economic development strategies in Baytown by broadening the financial toolkit available to the municipal development district. With the permission to channel sales tax revenues into infrastructure and other business-related expenditures, the Baytown Municipal Development District could enhance its capacity to attract and support new businesses, potentially leading to job creation and improved community services. This legislative change signals a proactive approach to fostering local economic resilience.

Summary

House Bill 4376 aims to empower the Baytown Municipal Development District by authorizing the use of sales tax revenue specifically for the purposes of promoting new or expanded business development within the district. This legislative amendment introduces a new chapter in the Special District Local Laws Code that outlines the conditions under which the district can allocate these funds. The intent is to bolster economic growth by allowing localized control over financial resources that can directly impact business initiatives.

Contention

While the bill is focused on economic development, it could also raise questions about fiscal responsibility and management of public funds. Opponents of such measures might argue that prioritizing sales tax revenue for business development could divert funds from other critical community needs such as education, public safety, or infrastructure maintenance. Discussions surrounding this bill may center around whether the benefits of business expansion outweigh potential downsides of reduced funding for public services, emphasizing the need for a balanced approach to local governance.

Companion Bills

No companion bills found.

Previously Filed As

TX HB5359

Relating to the creation of the Williamson County Development District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

TX HB2497

Relating to the use of municipal hotel occupancy tax revenue by certain municipalities.

TX SB644

Relating to the use of municipal hotel occupancy tax revenue by certain municipalities.

TX HB4749

Relating to the authority of economic development corporations created by certain rural municipalities to undertake infrastructure planning projects.

TX HB4660

Relating to the use of municipal hotel occupancy tax revenue in certain municipalities.

TX HB4563

Relating to the authority of certain municipalities to authorize and finance certain venue projects and to use municipal hotel occupancy tax revenue for certain of those projects; authorizing the imposition of a tax.

TX SB2184

Relating to the authority of certain municipalities to authorize and finance certain venue projects and to use municipal hotel occupancy tax revenue for certain of those projects; authorizing the imposition of a tax.

TX HB5311

Relating to the creation and operation of a development zone by and the tax revenue received by The Woodlands Township; providing authority to issue bonds; providing authority to impose assessments and taxes.

TX SB2606

Relating to the creation and operation of a development zone by and the tax revenue received by The Woodlands Township; providing authority to issue bonds; providing authority to impose assessments and taxes.

TX HB5363

Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

Similar Bills

No similar bills found.