The bill becomes state law on September 1, 2023. Without the focused efforts of the Board of Directors, sponsoring legislators and other supporters, the measure would have been delayed to the Texas Legislature’s next session in 2025. The passage of HB5311 represents a significant milestone for the Township as it was accomplished within a very short time span. The passage of this bill, which amends the Township’s enabling legislation, will yield an estimated $860,000 to the Township in 2024 with a projection of as much as $1,417,000 by 2028. ![]() The legislation also allows the Township to create a hotel-related economic development zone for the purposes of hotel marketing and promotion. Brandon Creighton, the bill directs the Comptroller of Public Accounts to treat the Township as an incorporated municipality regarding the distribution of mixed beverage tax proceeds received on or after October 1, 2023. Director of Intergovernmental Relations/Assistant to the President Todd Stephens provided the update. On the Regular Agenda, the Board discussed the recent passage of HB 5311 in the Texas Legislature. THE WOODLANDS, TX - The Woodlands Township Board of Directors held a regular meeting on Thursday, June 22, 2023, wherein they discussed Homestead Exemption and tax exemptions for 65 and older/Disabled, issued a proclamation declaring July as Parks and Recreation Month, and reflected on the positive impact of HB 5311, along with other Township business.
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