Texas HB4920 mandates the comptroller to report on tax provisions affecting domestic private entities.

Texas HB4920 requires the state comptroller to report to the legislature and governor before each regular session. The report must list domestic private entities that received tax credits, exemptions, or discounts if they created employment outside the U.S. in the past two years, leading to fewer U.S. jobs. The report includes an analysis of tax reductions, the number of foreign jobs, total wages for those jobs, and the dollar amount of tax reductions for each entity. The bill takes effect September 1, 2025.

Texas HB4920 mandates the comptroller to report on tax provisions affecting domestic private entities.

Texas HB4920 requires the state comptroller to report to the legislature and governor before each regular session. The report must list domestic private entities that received tax credits, exemptions, or discounts if they created employment outside the U.S. in the past two years, leading to fewer U.S. jobs. The report includes an analysis of tax reductions, the number of foreign jobs, total wages for those jobs, and the dollar amount of tax reductions for each entity. The bill takes effect September 1, 2025.