Relating to the Texas Jobs, Energy, Technology, and Innovation Act.
Impact
If implemented, HB 4149 could lead to significant changes in how the state approaches job creation and economic support within the energy and technology sectors. The bill is likely to involve partnerships with private enterprises, which could stimulate local economies and create new job opportunities. Additionally, it may encourage companies to invest more in research and development, which could ultimately enhance Texas's competitiveness on a national and global scale.
Summary
House Bill 4149, also known as the Texas Jobs, Energy, Technology, and Innovation Act, aims to promote and enhance job growth across the state through advancements in energy and technology sectors. The bill's introduction suggests a focus on fostering innovation by providing support and incentives to businesses that are involved in these crucial economic areas. However, specific details regarding funding or the mechanisms for this support have not been disclosed, as the full text of the bill is still pending.
Contention
Despite the potential benefits, there are concerns regarding how this bill may affect existing regulations and the potential for resources to be allocated inequitably. Critics may point out that without careful oversight, economic incentives could disproportionately favor larger corporations at the expense of small businesses or underrepresented communities. There may also be apprehensions about environmental implications, particularly if energy advancements do not align with sustainable practices.
Similar
Relating to the findings required to be made by the comptroller of public accounts in order to recommend for approval an application for a limitation on the taxable value of eligible property for school district maintenance and operations ad valorem tax purposes under the Texas Jobs, Energy, Technology, and Innovation Act.
Relating to agreements authorizing a limitation on taxable value of certain property to provide for the creation of jobs and the generation of state and local tax revenue; authorizing fees; authorizing penalties.
Relating to the establishment of the Texas Mircale Act (TMA), allowing for certain fees, authorizing certain ad valorem tax incentives for economic development, specifically certain tax relief from school district taxes for certain corporations and limited liability companies that make large investments that create jobs in this state, to authorizing the imposition of certain fees, and the repeal of Chapter 313 of Texas Tax Code and the Economic Development Act of the 77th Legislature.
Relating to the establishment of the Texas Energy Insurance Program and other funding mechanisms to support the construction and operation of electric generating facilities.
Relating to the authorization, licensing, and regulation of casino gaming and sports wagering in this state, to the creation, powers, and duties of the Texas Gaming Commission, to the support of the horse racing industry and reform of horse racing and greyhound racing, and to other provisions related to gambling; imposing and authorizing administrative and civil penalties; imposing taxes; imposing and authorizing fees; requiring occupational licenses; creating criminal offenses.
Relating to the transfer of the regulation of property tax professionals from the Texas Department of Licensing and Regulation to the comptroller of public accounts; providing civil and administrative penalties.
Relating to the abolishment of the Texas Council on Purchasing from People with Disabilities and the transfer of its functions to the Texas Workforce Commission.
Relating to the abolishment of the Texas Council on Purchasing from People with Disabilities and the transfer of its functions to the comptroller of public accounts.
Relating to a Pan American Games trust fund, an Olympic Games trust fund, a Major Events trust fund, a Motor Sports Racing trust fund, and an Events trust fund for sporting and non-sporting events, and to the abolishment of the special event trust fund.