comptroller report naming tax-break companies that offshore jobs

The text as introduced · 270 words

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.