Texas HB4149 amends the Texas Jobs, Energy, Technology, and Innovation Act to modify the comptroller's role in reviewing and recommending.
Texas HB4149 amends the Texas Jobs, Energy, Technology, and Innovation Act by changing the criteria the comptroller must use when reviewing applications. The comptroller must consider factors like the project's potential to generate tax revenue and its location in a qualified opportunity zone. The comptroller can only recommend an application if it meets specific conditions, such as being an eligible project and being likely to generate sufficient tax revenue. The comptroller must notify the governor and the relevant school district within 60 days of determining an application is complete.
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