Requires annual financial audits for tax increment reinvestment zones in municipalities with populations of at least two million.

The bill amends the Tax Code to mandate that the board of directors of tax increment reinvestment zones in municipalities with populations of at least two million enter into an agreement for an annual financial audit conducted by the city controller's office. This requirement applies to fiscal years beginning on or after the effective date of the Act, which is set for September 1, 2025.

Requires annual financial audits for tax increment reinvestment zones in municipalities with populations of at least two million.

The bill amends the Tax Code to mandate that the board of directors of tax increment reinvestment zones in municipalities with populations of at least two million enter into an agreement for an annual financial audit conducted by the city controller's office. This requirement applies to fiscal years beginning on or after the effective date of the Act, which is set for September 1, 2025.