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TX HB4022
Bill
Status
3/7/2025
Primary Sponsor
John Lujan
Click for details
AI Summary
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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
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Exempts electric generation facilities from the "competitive site selection" requirement that applicants demonstrate they would not invest in Texas without the tax incentive agreement
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Exempts electric generation facilities from the wage requirement that average annual wages for required jobs exceed 110% of the industry sector average
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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
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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