Texas HB1623 amends eligibility criteria for tax incentives under the Texas Jobs, Energy, Technology, and Innovation Act.

Texas HB1623 amends the Texas Jobs, Energy, Technology, and Innovation Act to restrict eligibility for tax incentives to certain foreign individuals or entities. Specifically, it disqualifies entities controlled by designated countries posing national security risks and those listed as ineligible for state contracts or investments. The bill also mandates that agreements must specify project details, term, and compliance with job and wage requirements.

Texas HB1623 amends eligibility criteria for tax incentives under the Texas Jobs, Energy, Technology, and Innovation Act.

Texas HB1623 amends the Texas Jobs, Energy, Technology, and Innovation Act to restrict eligibility for tax incentives to certain foreign individuals or entities. Specifically, it disqualifies entities controlled by designated countries posing national security risks and those listed as ineligible for state contracts or investments. The bill also mandates that agreements must specify project details, term, and compliance with job and wage requirements.