S.B. No. 2220
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(a)(5), Tax Code, is amended to
read as follows:
(5) "Qualified project" means:
(A) a convention center facility or venue and any
related infrastructure; 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 Subsections (j) and (k) to read
as follows:
(b) This section applies only to a qualified project located
in:
(1) a municipality with a population of at least
650,000 but less than 750,000 according to the most recent federal
decennial census; or
(2) a municipality that contains more than 70 percent
of the population of a county with a population of 1.5 million or
more.
(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.
(k) For a municipality described by Subsection (b)(2), the
term "qualified project" means only a convention center facility or
a venue described by Section 334.001(4)(A), Local Government Code,
and any related infrastructure.
SECTION 3. This Act takes effect September 1, 2023.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 2220 passed the Senate on
May 2, 2023, by the following vote: Yeas 26, Nays 5; and that the
Senate concurred in House amendment on May 25, 2023, by the
following vote: Yeas 26, Nays 5.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 2220 passed the House, with
amendment, on May 23, 2023, by the following vote: Yeas 98,
Nays 41, two present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor