By: Menéndez S.B. No. 2220
A BILL TO BE ENTITLED
AN ACT
relating to the authority of certain municipalities and local
government corporations to use certain tax revenue for certain
qualified projects.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 351.1015, Tax Code, is amended by
amending Subsection (a)(5) to read as follows:
(5) "Qualified project" means:
(A) a convention center facility or venue; or
(B) a multipurpose arena or venue that includes a
livestock facility and is located within or adjacent to a
recognized cultural district, and any related infrastructure, that
is:
(i) located on land owned by a municipality
or by the owner of the venue;
(ii) partially financed by private
contributions that equal not less than 40 percent of the project
costs; and
(iii) related to the promotion of tourism
and the convention and hotel industry.
SECTION 2. Section 351.1015, Tax Code, is amended by
amending Subsection (b) and adding a new Subsection (j) to read as
follows:
(b) This section applies only to a qualified project located
in a:
(1) municipality with a population of at least 650,000
but less than 750,000 according to the most recent federal
decennial census; or
(2) municipality with a population of at least
1,400,000 in which is located a convention center with at least
400,000 useable square feet.
(j) A local government corporation may act as a municipality
under this section and is considered to be a municipality for
purposes of this section. An action a municipality is required to
take by ordinance or order under this section may be taken by order
or resolution of the corporation.
SECTION 3. This Act takes effect September 1, 2023.