Texas 2025 - 89th Regular

Texas Senate Bill SB529 Compare Versions

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1+89R1467 RDS-D
12 By: Sparks S.B. No. 529
2- (In the Senate - Filed December 5, 2024; February 3, 2025,
3- read first time and referred to Committee on Economic Development;
4- April 7, 2025, reported favorably by the following vote: Yeas 5,
5- Nays 0; April 7, 2025, sent to printer.)
6-Click here to see the committee vote
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97 A BILL TO BE ENTITLED
108 AN ACT
119 relating to the entitlement of certain municipalities to receive
1210 tax revenue from certain establishments located near a hotel and
1311 convention center project.
1412 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1513 SECTION 1. Section 351.157, Tax Code, is amended by adding
1614 Subsection (b-1) to read as follows:
1715 (b-1) In addition to the municipalities described by
1816 Subsection (b), this section applies to a municipality described by
1917 Section 351.152(12) that has a population of 130,000 or more.
2018 SECTION 2. This Act takes effect immediately if it receives
2119 a vote of two-thirds of all the members elected to each house, as
2220 provided by Section 39, Article III, Texas Constitution. If this
2321 Act does not receive the vote necessary for immediate effect, this
2422 Act takes effect September 1, 2025.
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