HB1287 - Relating to the use by certain municipalities of certain tax revenue to fund convention center facilities, multipurpose arenas, venues, and related infrastructure.

      By: Geren H.B. No. 1287       A BILL TO BE ENTITLED   AN ACT   relating to the use by certain municipalities of certain tax   revenue to fund convention center facilities, multipurpose arenas,   venues, and related infrastructure.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 351.1015, Tax Code, is amended by   amending Subsection (b) and adding Subsection (j) to read as   follows:          (b)  This section applies only to a qualified project located   in a municipality with a population of at least 850,000 [ 650,000 ]   but less than 950,000 [ 750,000 ] according to the most recent   federal decennial census.           (j)     Notwithstanding any other law or a term of any ordinance   or agreement adopted or entered into under this section, due to the   effect of the COVID-19 pandemic on hotel-associated revenues, the   date on which a project financing zone designated under this   section expires is automatically extended for two years if the zone   was:                 (1)     designated by a municipality as a project   financing zone in or before 2019; and                 (2)  in existence on March 15, 2020.          SECTION 2.  This Act takes effect September 1, 2025.