TX HB4920

Requires the Texas Comptroller to submit a report to the legislature and governor before each regular legislative session listing domestic private entities that receive state tax credits, exemptions, or discounts while having offshored jobs

Targets entities that created employment suitable for U.S. performance in a foreign country within the previous two years, resulting in elimination of or failure to create similar U.S. jobs

Report must include analysis of each tax provision that reduces taxes payable, with estimated revenue loss to the state

Report must disclose the total number of jobs created outside the U.S., total wages associated with those foreign jobs, and the actual dollar amount of tax reductions each entity received since the last report

Overrides state confidentiality laws (including Tax Code Sections 111.006 and 151.027) to allow public disclosure of individual entities' tax reduction amounts

Effective date: September 1, 2025