Relating to the use of certain tax revenue to acquire and enhance multipurpose venues and related infrastructure in certain counties.

HB 4140 allows Texas counties to use incremental hotel occupancy tax revenue - defined as tax collected above a base year amount - to fund multipurpose venues and related infrastructure in designated "project financing zones." Specifically, counties can redirect extra hotel tax revenue from zones they designate to acquire, construct, or improve venues that enhance hotel activity and tourism, such as convention centers or event spaces. The bill applies only to counties covered under Section 352.002(i) of the Tax Code and requires counties to notify the comptroller within 30 days of designating a zone. This policy change redirects existing hotel tax revenue toward tourism infrastructure without creating new taxes.