TX SB653

Creates a sales and use tax refund for building materials used to construct "qualifying affordable housing" in Texas, defined as housing subsidized by federal or state tax credits awarded on or after September 1, 2025

Allows refunds on up to $50,000 in building materials per single-family home and up to $5,000 per residential unit in apartment complexes, based on purchases made within 180 days before filing the refund application

Caps individual refunds at $100,000 per calendar year for single-family home construction and $100,000 per 180-day period for apartment unit construction

Limits total statewide refunds to $2 million per state fiscal year, allocated on a first-come, first-served basis

Requires applicants to apply to the comptroller and prohibits submitting another application until 180 days after the previous application