TX HB5647

Directs the comptroller of public accounts to make a one-time $500 cash payment to eligible Texas residents

Eligibility requirements include being 18 years of age or older, residing in and being lawfully present in Texas, and not being incarcerated at the time of application

Requires individuals to apply to the comptroller, who must adopt application forms and verification processes by rule

Appropriates an estimated $15 billion from the economic stabilization fund (rainy day fund) for the fiscal biennium beginning September 1, 2025, to cover payments and administrative costs

Requires approval by two-thirds vote of members present in each legislative chamber to take effect on September 1, 2025