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TX HB4022

Bill

Status

Introduced

3/7/2025

Primary Sponsor

John Lujan

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Shortens the economic benefit statement reporting period from 25 years to 20 years after the incentive period ends for projects seeking tax incentive agreements under the Texas Jobs, Energy, Technology, and Innovation Act

  • Exempts electric generation facilities from the "competitive site selection" requirement that applicants demonstrate they would not invest in Texas without the tax incentive agreement

  • Exempts electric generation facilities from the wage requirement that average annual wages for required jobs exceed 110% of the industry sector average

  • Requires school district governing bodies to send copies of public hearing notices to the comptroller when considering tax incentive applications, with the comptroller required to post these notices on their website within 10 business days after the hearing is held

  • Changes apply only to applications submitted on or after September 1, 2025, with existing agreements governed by prior law

Legislative Description

Relating to the Texas Jobs, Energy, Technology, and Innovation Act.

Taxation

Last Action

Referred to Ways & Means

3/27/2025

Committee Referrals

Ways & Means3/27/2025

Full Bill Text

No bill text available