Bill > HB5095

This bill repeals the Texas Jobs, Energy, Technology, and Innovation Act (Subchapter T, Chapter 403 of the Government Code), which was originally added by House Bill 5 in the 88th Legislature's 2023 regular session. The bill makes several technical amendments to various sections of the Education Code, Government Code, and Tax Code to reflect the repeal of this act, specifically modifying references to the now-former subchapter as "former Subchapter T". Importantly, the bill ensures that any existing agreements limiting taxable property value that were entered into under this subchapter before the bill's effective date will continue to be honored and remain in effect according to the original terms. These agreements will be governed by the law as it existed immediately before the repeal. The bill stipulates that these changes will take effect on September 1, 2025, providing a transition period for affected entities. The modifications touch on various areas including tax increment financing, enterprise zones, property appraisals, and economic development provisions, effectively removing the legal framework for the original act while protecting existing contractual commitments.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5095