| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the comptroller's report on the effect of certain tax |
|
|
provisions. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Chapter 403, Government Code, is amended by |
|
|
adding Section 403.0148, REPORT ON TAX PROVISIONS TO CERTAIN |
|
|
DOMESTIC PRIVATE ENTITY to read as follows: |
|
|
(a) Before each regular session of the legislature, the |
|
|
comptroller shall report to the legislature and the governor a list |
|
|
of each domestic private entity receiving a credit, exemption, or |
|
|
discount in relation to a tax or fee imposed by the state if the |
|
|
entity, at any time during the previous two years, created |
|
|
employment suitable for performance in the United States in a |
|
|
country other than the United States and, as a result, eliminated or |
|
|
failed to create similar employment in the United States. |
|
|
(b) The report must include: |
|
|
(1) an analysis of each special provision that reduces |
|
|
the amount of tax payable, to include an estimate of the loss of |
|
|
revenue to the state; |
|
|
(2) the total number of employments created in a |
|
|
country other than the United States; |
|
|
(3) the total wages associated with the employment |
|
|
listed in Subsection (2); and |
|
|
(4) for each entity that receives a reduction of taxes |
|
|
payable as a result of a special provision, the actual dollar amount |
|
|
of the reduction the entity received since the most recent report |
|
|
under this section, regardless of whether the information is |
|
|
otherwise confidential under state law, including Sections 111.006 |
|
|
and 151.027, Tax Code. |
|
|
SECTION 2. This Act takes effect September 1, 2025. |