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TX HB105
Bill
Status
3/13/2025
Primary Sponsor
Ryan Guillen
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AI Summary
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Creates a new "priority project" classification for eligible projects where applicants commit to investing at least $750 million by the end of the first tax year of the incentive period
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Exempts priority projects and electric generation facilities from job creation requirements under the Texas Jobs, Energy, Technology, and Innovation Act
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Requires the comptroller to notify affected school districts when applications for tax incentive agreements are received
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Removes the competitive site selection requirement for electric generation facilities, meaning these projects no longer need to demonstrate the incentive was necessary for choosing Texas over other locations
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Changes wage requirements for incentive agreements from 110% of industry sector average to 110% of county average manufacturing wages, and bases calculations on "required jobs" rather than total jobs
Legislative Description
Relating to the Texas Jobs, Energy, Technology, and Innovation Act.
COMPTROLLER OF PUBLIC ACCOUNTS
Last Action
Postponed 6/3/25 10:00 AM
5/15/2025