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89(R) SB 529 - Enrolled version - Bill Text
S.B. No. 529
AN ACT
relating to the entitlement of certain municipalities to receive
and use 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 351.155, Tax Code, is amended by adding
Subsection (c-1) to read as follows:
(c-1)
This subsection applies only to a municipality
described by Section 351.152(12) that has a population of 130,000
or more.
Notwithstanding Subsection (c), a municipality to which
this subsection applies may pledge or commit revenue under this
section for only two qualified projects.
SECTION 2. 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 351.155(c-1).
SECTION 3. 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.
______________________________
______________________________
President of the Senate
Speaker of the House
I hereby certify that S.B. No. 529 passed the Senate on
April 30, 2025, by the following vote: Yeas 27, Nays 4; and that
the Senate concurred in House amendment on May 20, 2025, by the
following vote: Yeas 27, Nays 4.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 529 passed the House, with
amendment, on May 13, 2025, by the following vote: Yeas 108,
Nays 33, two present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor