By: Sparks S.B. No. 529
(In the Senate - Filed December 5, 2024; February 3, 2025,
read first time and referred to Committee on Economic Development;
April 7, 2025, reported favorably by the following vote: Yeas 5,
Nays 0; April 7, 2025, sent to printer.)
Click here to see the committee vote
A BILL TO BE ENTITLED
AN ACT
relating to the entitlement of certain municipalities to receive
tax revenue from certain establishments located near a hotel and
convention center project.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 351.157, Tax Code, is amended by adding
Subsection (b-1) to read as follows:
(b-1) In addition to the municipalities described by
Subsection (b), this section applies to a municipality described by
Section 351.152(12) that has a population of 130,000 or more.
SECTION 2. 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.
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