Texas HB124 repeals the Texas Jobs, Energy, Technology, and Innovation Act.

Texas HB124 repeals the Texas Jobs, Energy, Technology, and Innovation Act, which previously provided tax incentives for clean energy projects. The bill also transfers funds from the repealed act to the Texas Education Agency to reduce the state compression percentage. The changes include amendments to the Tax Code and Education Code, affecting property tax assessments and school district funding. The bill takes effect immediately if passed by a two-thirds majority; otherwise, it takes effect 91 days after the legislative session.

Texas HB124 repeals the Texas Jobs, Energy, Technology, and Innovation Act.

Texas HB124 repeals the Texas Jobs, Energy, Technology, and Innovation Act, which previously provided tax incentives for clean energy projects. The bill also transfers funds from the repealed act to the Texas Education Agency to reduce the state compression percentage. The changes include amendments to the Tax Code and Education Code, affecting property tax assessments and school district funding. The bill takes effect immediately if passed by a two-thirds majority; otherwise, it takes effect 91 days after the legislative session.