BILL ANALYSIS

S.B. 529

By: Sparks

Ways & Means

Committee Report (Unamended)

BACKGROUND AND PURPOSE

The bill sponsor has informed the committee that Midland is the seventh-fastest-growing metro in the U.S., that the percentage of its population under 35 makes it one of the top 20 youngest metros nationwide, and that Midland has the nation's highest and fastest-growing per capita income at over $143,000, more than double the national average. Furthermore, the bill sponsor has informed the committee that Midland leads the nation in GDP per capita. S.B. 529 seeks to support the growth of Midland and the recently announced hotel convention center in its downtown transformation to promote a high quality of life and place by entitling the municipality to receive certain revenues authorized under statutory provisions governing municipal hotel occupancy taxes.

CRIMINAL JUSTICE IMPACT

It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.

ANALYSIS

S.B. 529 amends the Tax Code to entitle a municipality with a population of 130,000 or more but less than 135,000, at least part of which is located in a county with a population of less than 135,000, to receive the sales and use tax and, if applicable, mixed beverage tax revenue derived from qualifying restaurants, bars, retail establishments, swimming pools, and swimming facilities located near a qualified hotel or convention center facility.

EFFECTIVE DATE

On passage, or, if the bill does not receive the necessary vote, September 1, 2025.