Bill > HB4920

This bill requires the Texas Comptroller to prepare a detailed report before each regular legislative session about domestic private entities that have received tax credits, exemptions, or discounts, specifically focusing on companies that have moved jobs overseas (outside the United States) in the previous two years. The report must comprehensively document the economic impact of such actions, including an analysis of special tax provisions that reduce tax payments, an estimate of state revenue loss, the total number of jobs created outside the United States, the total wages associated with those overseas jobs, and the specific dollar amount of tax reductions each affected entity received. By mandating this transparency, the bill aims to provide legislators and the governor with a clear picture of how tax incentives might be impacting domestic employment, with the reporting requirement set to take effect on September 1, 2025. The bill appears designed to create accountability for companies that potentially benefit from state tax provisions while simultaneously reducing employment opportunities within the United States.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB4920