TX SB1296

Establishes a firm deadline of September 1, 2025, for filing applications with the comptroller to qualify for the high-cost gas tax reduction

Requires applications for maximum tax reduction certification to be filed before September 1, 2025, in addition to existing timing requirements (180 days after first production or 45 days after commission approval)

Applications filed late but before September 1, 2025, will receive a reduced tax benefit (10 percent reduction in the tax reduction amount) for the period between the deadline and filing date

Tax liabilities accruing before the effective date remain unaffected, with former law continuing to apply for collection and enforcement of those taxes

Takes effect immediately upon two-thirds vote of both legislative chambers, or otherwise on September 1, 2025