Bill > SR20

This resolution recognizes February 4, 2025, as Texas Energy Day, highlighting the significant role of the Texas oil and natural gas industry in the state's economy and national energy security. The resolution emphasizes that Texas leads the nation in energy production, with the industry directly and indirectly creating over one million jobs, and generating substantial tax revenue that supports critical state funds like the Economic Stabilization Fund, Permanent School Fund, Permanent University Fund, and State Highway Fund. Specifically, the resolution notes that in the previous year, school districts received nearly $3 billion in property taxes from industry holdings, and counties received over $1 billion in industry tax revenue. The Texas Senate commends the members of the energy industry for their contributions to the state's economic prosperity and their role in powering everyday products and materials. The resolution formally recognizes and extends best wishes to the Texas energy industry on this special day at the Capitol, and calls for a copy of the resolution to be prepared in honor of the event.