Relating to the entitlement of certain municipalities to certain tax revenue associated with hotel and convention center projects.

HB 3066 extends the period during which certain Texas municipalities can collect hotel occupancy tax revenue from qualifying hotel and convention center projects. Regular municipalities receive tax revenue for 10 years from a hotel's opening date, while municipalities with qualifying projects (defined under Tax Code Section 351.152(46)) receive it for 20 years. The bill also creates a repayment mechanism: if the state collected more tax revenue from the same sources during the extended period (years 10-20 for regular, 20-40 for qualifying projects), the municipality must repay the difference to the state. This directly affects cities with large convention hotels that qualify under the law, altering their long-term tax revenue streams.