HB4908 — Relating to the establishment of the Texas prosperity payout fund; imposing taxes on the gross revenues of and consumption by certain industry participants; authorizing administrative penalties.

HB4908 — Relating to the establishment of the Texas prosperity payout fund; imposing taxes on the gross revenues of and consumption by certain industry participants; authorizing administrative penalties. · Informed CitizenryThe Texas Prosperity Payout Act establishes the Texas prosperity payout fund and amends Chapter 403 of the Government Code to create Subchapter V for this purpose. The fund is intended to provide a…Open in Informed Citizenry