TX HJR196

Proposes amending the Texas Constitution to require the legislature to establish periodic reviews of state and local tax preferences

Mandates that tax preferences first taking effect on or after September 1, 2026, automatically expire six years after enactment unless reauthorized by law

Applies the six-year expiration rule to pre-existing tax preferences (those effective before September 1, 2026) once they are reauthorized after that date

Allows the legislature to set earlier expiration dates for tax preferences and to define what constitutes a "tax preference"

Scheduled for voter approval at an election on November 4, 2025, with the amendment taking effect January 1, 2026, if approved