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Relating to entitlement of certain municipalities to receive tax revenue from certain establishments located near a hotel and convention center project.
No fiscal implication to the State is anticipated.
HB 3097 would extend the deadline from September 2023 to September 2027 for certain municipalities to initiate a project qualified to receive funding derived from sales tax revenue and mixed beverage tax revenue.
Texas Action opposes HB 3097 because it violates the principles of limited government and free markets by facilitating the continued use of tax revenue for economic development purposes.