Relating to the definition of a project financing zone for the purposes of certain municipalities that use certain tax revenue to fund convention center facilities, multipurpose arenas, venues, and related infrastructure.

SB 1250 amends Texas Tax Code Section 351.1015(a)(4) to define a "project financing zone" for municipalities using tax revenue to fund convention centers, arenas, venues, or related infrastructure. The bill specifies that such zones must be within a three-mile radius of a qualified project's center (or a smaller continuous area for pre-2024 designations), require precise geographic coordinates or boundaries in the designation, and expire 30 years after creation. It directly affects Texas municipalities seeking to finance major facilities through designated tax revenue streams. The bill takes effect September 1, 2025.