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TX HB2962
Bill
Status
2/18/2025
Primary Sponsor
Jeff Barry
Click for details
AI Summary
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Expands the existing tax exemption on gross receipts from electricity sales from only "public school district customers" to all "political subdivisions"
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Requires the Public Utility Commission of Texas to adjust billing for regulated electric utilities to reflect decreased tax liability resulting from the exemption, unless already addressed through a separate rate case order
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Mandates retail electric providers to adjust billing for political subdivisions to pass through any tax savings from the exemption as soon as practicable
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Specifies that billing adjustments required by this act do not constitute a formal rate case under Utilities Code Chapter 36
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Takes effect September 1, 2025
Legislative Description
Relating to an exemption from taxes imposed on the gross receipts of electricity sold to political subdivisions.
Taxation
Last Action
Left pending in committee
3/31/2025