Texas House Bill HB5311

Texas 2023 - 88th Regular

• Filed: 3/20/23
• Out of House Committee: 4/17/23
• Voted on by House: 5/5/23
• Out of Senate Committee: 5/15/23
• Voted on by Senate: 5/17/23
• Governor Action: 6/9/23

Caption

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.

Impact

The impact of HB 5311 is significant as it empowers The Woodlands Township to create a development zone that can promote economic growth and resilience. By receiving mixed beverage tax revenues, the township can utilize these funds for local projects aimed at maintaining and improving community services. The legislation solidifies the financial framework that the township can leverage for further development initiatives, thereby potentially increasing employment and boosting local commerce.

Summary

House Bill 5311 aims to facilitate the creation and operation of a development zone specifically for The Woodlands Township in Texas. This bill authorizes the township to issue bonds and impose assessments and taxes, ultimately allowing it to receive a portion of mixed beverage taxes collected by the state. This local bill seeks to enhance the township's ability to deliver quality services and support economic development within the community, particularly during the challenges posed by the COVID pandemic.

Sentiment

Sentiment surrounding the bill appears to be generally positive within the township and among supportive stakeholders. Proponents, including local officials and representatives, argue that this bill is essential for maintaining high service standards and furthering economic development in response to the trials faced during the COVID pandemic. However, there may be concerns among some community members regarding the implications of increased taxes and assessments, suggesting a need for careful consideration regarding fiscal responsibility.

Contention

Notable points of contention primarily revolve around the decision-making authority regarding the establishment and governance of the development zone. The bill outlines the processes by which the township can create and govern the development zone, which some may interpret as a consolidation of local power. Concerns may also arise from the financial commitments attached to bond issuance and how they will impact local taxpayers in the long run.

Texas Constitutional Statutes Affected

Tax Code

• Chapter 183. Mixed Beverage Taxes
  • Section: 051