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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of certain municipalities to receive |
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certain tax revenue derived from a hotel and convention center |
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project and to pledge certain tax revenue for the payment of |
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obligations related to the project. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 351.157 (b) and (c), Tax Code, are |
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amended to read as follows: |
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(b) This section applies only to: |
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(1) a municipality described by Section 351.152(3); |
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(2) a municipality described by Section 351.152(6); |
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(3) a municipality described by Section 351.152(7); |
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(4) a municipality described by Section 351.152(10); |
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(4-a) a municipality described by Section |
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351.152(14); |
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(5) a municipality described by Section 351.152(16); |
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(6) a municipality described by Section 351.152(22); |
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(7) a municipality described by Section 351.152(25); |
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(8) a municipality described by Section 351.152(34); |
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(9) a municipality described by Section 351.152(35); |
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(10) a municipality described by Section 351.152(36); |
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(11) a municipality described by Section 351.152(38); |
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(12) a municipality described by Section 351.152(41); |
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and |
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(13) [(12)] a municipality described by Section |
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351.152(43). |
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(c) A municipality is entitled to receive revenue under |
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Subsection (d) derived from the following types of establishments |
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that meet the requirements of Subsections (a)(1), (2), (3), and |
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(4): |
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(1) for a municipality described by Subsection (b)(1): |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel; |
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(2) for a municipality described by Subsection (b)(2), |
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swimming pools and swimming facilities, restaurants, bars, and |
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retail establishments; |
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(3) for a municipality described by Subsection (b)(3), |
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restaurants, bars, and retail establishments; |
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(4) for a municipality described by Subsection (b)(4): |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel; |
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(4-a) for a municipality described by Subsection |
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(b)(4- a): |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel; |
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(5) for a municipality described by Subsection (b)(5), |
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restaurants, bars, and retail establishments; |
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(6) for a municipality described by Subsection (b)(6), |
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restaurants, bars, and retail establishments; |
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(7) for a municipality described by Subsection (b)(7), |
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restaurants, bars, and retail establishments; |
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(8) for a municipality described by Subsection (b)(8), |
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restaurants, bars, and retail establishments; |
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(9) for a municipality described by Subsection (b)(9), |
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restaurants, bars, and retail establishments; |
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(10) for a municipality described by Subsection |
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(b)(10): |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel; |
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(11) for a municipality described by Subsection |
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(b)(11): |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel; |
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(12) for a municipality described by Subsection |
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(b)(12): |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel; and |
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(13) [(12)] for a municipality described by |
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Subsection (b)(13) [(b)(12)]: |
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(A) restaurants, bars, and retail |
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establishments; and |
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(B) swimming pools and swimming facilities owned |
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or operated by the related qualified hotel. |
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SECTION 2. This Act takes effect September 1, 2023. |