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TX HB4149
Bill
Status
3/10/2025
Primary Sponsor
Angie Button
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AI Summary
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Amends Section 403.609(b) of the Government Code regarding the comptroller's review of applications under the Texas Jobs, Energy, Technology, and Innovation Act
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Limits the "compelling factor" requirement for competitive site selection to specific project types described in Section 403.602(8)(A)(i)(a), (c), (d) or (ii)
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For those specified project types, the comptroller must still find that the tax agreement is a compelling factor in site selection and that without it, the applicant would not invest in Texas
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Maintains existing requirements that projects must be eligible, generate sufficient tax revenue within 20 years to offset lost school district maintenance and operations tax revenue, and be located in a qualified opportunity zone if claimed
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Takes effect September 1, 2025
Legislative Description
Relating to the Texas Jobs, Energy, Technology, and Innovation Act.
COMPTROLLER OF PUBLIC ACCOUNTS
Last Action
Referred to Ways & Means
3/27/2025