HB 2496: Taxes - As enacted, adds to the definition of a "qualified public use facility" as used in the Local Tourism Development Zone Business Tax Act a mixed-use development containing a performance venue with a seating capacity of at least 2,500; authorizes a municipality or public authority that has financed a qualified public use facility within a tourism development zone and that qualifies for an allocation of sales tax revenue from within that zone under the Convention Center and Tourism Development Financing Act of 1998 and under other provisions of sales tax law to use the revenue for purposes authorized in the act or other law. - Amends TCA Title 7 and Title 67.
HB 2496 status: Introduced — Pub. Ch. 1034 (updated May 27, 2026).
What this bill does
Overall score
Bill summary
OfficialTaxes - As enacted, adds to the definition of a "qualified public use facility" as used in the Local Tourism Development Zone Business Tax Act a mixed-use development containing a performance venue with a seating capacity of at least 2,500; authorizes a municipality or public authority that has financed a qualified pub...
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental impact identified
Risks
- No direct environmental impact identified
Economy
Benefits
- Provides financial flexibility for municipal development
- Encourages tourism infrastructure investment
Risks
- Potential for misallocation of public tax revenue
- Fiscal risks if tourism growth projections fail
Society
Benefits
- Potential for expanded public amenities and venues
Risks
- Public tax dollars directed toward private-sector mixed-use projects
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
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Analysis based on abstract and summary text only
Where it stands
Introduced
CurrentPub. Ch. 1034
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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