Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4022 amends the Texas Jobs, Energy, Technology, and Innovation Act by modifying the evaluation criteria and benefits duration for economic development projects receiving state incentives. It reduces the timeframe for economic benefit assessments from 25 years to 20 years, changes wage and job reporting requirements, and mandates that projects in opportunity zones meet additional criteria. The bill also adjusts transparency requirements for public hearings and state agreements related to the incentive program.
Author
John Lujan
Angie Chen Button