Texas HB5001 imposes a tax on electricity generated by certain electric generators to fund teacher pay raises.

HB5001 imposes a tax on electricity generated by certain electric generators in Texas using energy sources other than natural gas or coal. The tax rate is calculated annually by the comptroller and is based on the revenue from a natural gas tax divided by the total cubic feet of natural gas produced in the state, then multiplied by the average cubic feet of natural gas used to generate one kilowatt hour of electricity. Electric generators must report monthly to the comptroller on their electricity production and keep records of their generation.

Texas HB5001 imposes a tax on electricity generated by certain electric generators to fund teacher pay raises.

HB5001 imposes a tax on electricity generated by certain electric generators in Texas using energy sources other than natural gas or coal. The tax rate is calculated annually by the comptroller and is based on the revenue from a natural gas tax divided by the total cubic feet of natural gas produced in the state, then multiplied by the average cubic feet of natural gas used to generate one kilowatt hour of electricity. Electric generators must report monthly to the comptroller on their electricity production and keep records of their generation.