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AN ACT
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relating to the authority of certain municipalities to use certain |
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tax revenue for certain qualified projects. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 351.1015(a)(4), Tax Code, is amended to |
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read as follows: |
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(4) "Project financing zone" means an area within a |
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municipality: |
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(A) that the municipality by ordinance or by |
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agreement under Chapter 380, Local Government Code, designates as a |
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project financing zone; |
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(B) the boundaries of which are: |
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(i) within a three-mile radius of the |
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center of a qualified project; or |
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(ii) if designated by a municipality |
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described by Section 351.001(7)(B) on or before December 31, 2024, |
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a continuous geographic area the total area of which is less than or |
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equal to the maximum area allowed under Subparagraph (i) that |
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contains the qualified project; |
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(C) the designation of which specifies: |
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(i) for a zone the boundaries of which are |
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prescribed by Paragraph (B)(i), the longitude and latitude of the |
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center of the qualified project; or |
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(ii) for a zone the boundaries of which are |
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prescribed by Paragraph (B)(ii), the exact boundaries of the zone; |
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and |
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(D) the designation of which expires not later |
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than the 30th anniversary of the date of designation. |
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SECTION 2. Section 351.1015(b), Tax Code, as amended by |
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Chapters 644 (H.B. 4559), 779 (H.B. 5012), 927 (S.B. 2220), and 1110 |
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(S.B. 1057), Acts of the 88th Legislature, Regular Session, 2023, |
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is reenacted and amended to read as follows: |
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(b) This section applies only to a qualified project located |
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in: |
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(1) a municipality with a population of at least |
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700,000 but less than 950,000 according to the most recent federal |
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decennial census; [or] |
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(2) a municipality that contains more than 70 percent |
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of the population of a county with a population of 1.5 million or |
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more; |
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(3) [(2)] a municipality described by Section |
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351.001(7)(B); |
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(4) [or |
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[(3)] a municipality described by Section |
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351.152(61); |
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(5) [(2)] a municipality with a population of at least |
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two million; or |
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(6) a municipality described by Section 351.152(14) |
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with a population of more than 250,000. |
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SECTION 3. To the extent of any conflict, this Act prevails |
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over another Act of the 89th Legislature, Regular Session, 2025, |
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relating to nonsubstantive additions to and corrections in enacted |
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codes. |
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SECTION 4. This Act takes effect September 1, 2025. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2313 was passed by the House on May |
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14, 2025, by the following vote: Yeas 100, Nays 4, 2 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 2313 on May 28, 2025, by the following vote: Yeas 82, Nays 55, |
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1 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2313 was passed by the Senate, with |
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amendments, on May 26, 2025, by the following vote: Yeas 25, Nays |
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6. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: __________________ |
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Date |
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__________________ |
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Governor |