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HB 124

Relating to the repeal of the Texas Jobs, Energy, Technology, and Innovation Act.

89th Legislature, 2nd Called Session (2025) Introduced by Brian Harrison

HB 124 repeals Texas's Jobs, Energy, Technology, and Innovation Act, eliminating state business tax incentives and grants for job creation and technology development.

Filed
#business&commerce--enterprisezones(i0049) #comptrollerofpublicaccounts(v2608) #education #commissionerof(v9954) #economic&industrialdevelopment--general(i0214) #taxation--property-appraisals&appraisaldistricts(i0792) #taxation--schooldistrict(i0785)
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Bill Summary · HB 124

Legislative bill overview

HB 124 would repeal the Texas Jobs, Energy, Technology, and Innovation Act, a law designed to provide tax incentives and grants to businesses investing in job creation, energy development, and technological innovation within Texas. The bill contains no replacement provisions, meaning the repeal would eliminate these economic incentive programs entirely.

Why is this important

The Jobs, Energy, Technology, and Innovation Act represents a significant economic development tool that Texas uses to compete for major corporate investments and job creation. Repealing it would remove financial incentives that have attracted or retained businesses in the state, potentially affecting economic development strategy and the state's competitive position relative to other states offering similar programs.

Potential points of contention

  • Economic development impact: Opponents argue repealing the program undermines Texas's ability to attract high-value businesses and jobs; supporters may argue the incentives are inefficient or benefit corporations at taxpayer expense
  • Cost-benefit analysis: Unclear whether the bill's sponsors have documented evidence that the program fails to generate sufficient return on investment or if repeal is ideologically motivated
  • Retroactive obligations: Unclear whether repeal affects existing commitments or only prospective awards, creating potential legal and financial complications

Compiled from official sources — confirm details with the bill’s official record.

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