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

HB 4022 amends Texas law governing economic incentives under the Texas Jobs, Energy, Technology, and Innovation Act by requiring applicants to submit detailed annual economic impact reports for projects seeking state incentives. These reports must estimate job creation, capital investment, property value increases, tax revenues (including state and local), and broader economic effects like impacts on local businesses, GDP, and personal income over a 25-year period. The comptroller must then verify that projects will generate sufficient tax revenue to offset lost school district funding and that incentives are a key factor in site selection decisions for most projects. This bill directly affects businesses applying for economic incentives and state officials reviewing those applications.