Texas HB5647 proposes a one-time $500 payment to eligible residents, subject to legislative approval.

Texas HB5647 proposes a one-time payment of $500 to each eligible resident of the state. To qualify, individuals must be 18 years or older, reside and be lawfully present in Texas, and not be incarcerated at the time of application. The comptroller of public accounts will handle the payments, with an estimated $15 billion appropriated from the economic stabilization fund for this purpose. The bill requires a two-thirds vote in both houses of the legislature to take effect on September 1, 2025. If not approved, the bill will have no effect.

Texas HB5647 proposes a one-time $500 payment to eligible residents, subject to legislative approval.

Texas HB5647 proposes a one-time payment of $500 to each eligible resident of the state. To qualify, individuals must be 18 years or older, reside and be lawfully present in Texas, and not be incarcerated at the time of application. The comptroller of public accounts will handle the payments, with an estimated $15 billion appropriated from the economic stabilization fund for this purpose. The bill requires a two-thirds vote in both houses of the legislature to take effect on September 1, 2025. If not approved, the bill will have no effect.