TX HB4908

Creates the Texas Prosperity Payout Fund to distribute monthly cash payments to eligible Texas residents who are U.S. citizens or lawful permanent residents, at least 18 years old, and have lived in Texas for at least 12 consecutive months

Imposes new industry-specific taxes: $0.10 per kilowatt-hour on cryptocurrency mining operations consuming 5+ megawatt-hours monthly; 6% gross revenue tax on AI infrastructure facilities with $50+ million annual revenue; 4% on data centers; and 2% on semiconductor manufacturers, cloud service providers, telecommunications companies, and large software companies

Eligible residents are automatically enrolled and receive equal monthly payments calculated by dividing the fund balance by the number of recipients, with opt-out provisions available

Requires quarterly audits by the state auditor and establishes a seven-member governor-appointed oversight committee to review economic impact data annually

Comptroller must adopt implementation rules by January 1, 2026, with first payments beginning July 1, 2026; administrative penalties up to $10,000 for failure to file tax reports and up to $100,000 for knowingly including false information