HB4920 - Relating to the comptroller's report on the effect of certain tax provisions.

      By: Y. Davis of Dallas H.B. No. 4920       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.