Overview: HB 178, "Relating to the repeal of the Texas Jobs, Energy, Technology, and Innovation Act", was filed on July 23, 2025. This bill aims to repeal the existing Texas Jobs, Energy, Technology, and Innovation Act.
Purpose and Intent: The main goal of this bill is to eliminate the Texas Jobs, Energy, Technology, and Innovation Act, which currently provides various tax incentives and economic development programs related to business, energy, and technology sectors in the state.
Key Provisions:
- Repeals the Texas Jobs, Energy, Technology, and Innovation Act in its entirety
- Eliminates all tax credits, exemptions, and other financial incentives that were previously available under the Act
- Discontinues any ongoing economic development programs and initiatives that were established by the Act
Affected Parties and Impacts:
- Businesses in the energy, technology, and innovation sectors that were previously benefiting from the tax incentives and economic development programs under the Act
- Local communities and regions that had seen economic growth and job creation due to the Act
- State and local governments that will lose the tax revenue and economic activity generated by the programs under the Act
Procedural and Timeline Considerations:
- The bill has been filed and is currently awaiting consideration by the state legislature
- If passed, the repeal of the Texas Jobs, Energy, Technology, and Innovation Act would take effect immediately upon the bill becoming law
