TX HB3279

Creates the Select Commission on Periodic Tax Preference Review composed of 5 House members (appointed by the Speaker), 5 Senate members (appointed by the Lieutenant Governor), and the Comptroller, with members serving two-year terms

Requires the commission to identify all state and local tax preferences and develop a six-year rotating review schedule to evaluate whether each preference accomplishes its intended purpose, could be achieved more cost-effectively, and its effect on economic development

Tax preferences included in the commission's final report automatically expire two years after the report is submitted unless reauthorized by the legislature

Beginning September 1, 2026, all newly enacted or reauthorized tax preferences must include an expiration date no later than six years from the effective date; preferences without this provision automatically expire after six years

Takes effect January 1, 2026, contingent on voter approval of a related constitutional amendment proposed by the 89th Legislature