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TX HJR47
Joint Resolution
Status
5/12/2025
Primary Sponsor
Brooks Landgraf
Click for details
AI Summary
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Creates the Texas Severance Tax Revenue and Oil and Natural Gas (Texas STRONG) Defense Fund as a constitutionally established fund in the state treasury to benefit areas significantly affected by oil and gas production
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Reallocates severance tax revenue transfers: 38% to the Economic Stabilization Fund (reduced from 50%), 10% to the new Texas STRONG fund, 1% to oil and gas regulation/cleanup, 1% to Texas Emissions Reduction Plan, and the remainder to the State Highway Fund
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Caps annual transfers to the Texas STRONG fund at $500 million; any excess would be redirected to the property tax relief fund
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Authorizes the legislature to appropriate Texas STRONG fund money for grants to state agencies, political subdivisions, public universities, and nonprofits to address public health/safety, workforce preparedness, and educational needs in oil and gas production areas
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Constitutional amendment would take effect September 1, 2027, with voters deciding at an election on November 4, 2025
Legislative Description
Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.
State Finances
Last Action
Referred to Finance
5/19/2025