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Jobs, Energy, Technology and Innovation Act (JETI)
JETI was created with the passage of House Bill 5 (88th Legislature, Regular Session) and aims to help Texas stay competitive by attracting new jobs and investment to the state.
The JETI program enables a company, school district and Governor’s office to enter into an agreement for a 10-year school district maintenance and operations (M&O) tax appraised value limitation pursuant to statutorily mandated job creation and investment minimums.
The program is not authorized to accept applications until January 2024.
View the proposed rules on the Secretary of State’s website.
Job and Investment Requirements
| County Population | Required Jobs* | Required Investment |
|---|---|---|
| 750,000 or more | 75 | $200 million |
| 250,000 – 749,999 | 50 | $100 million |
| 100,000 – 249,999 | 35 | $50 million |
| 99,999 or less | 10 | $20 million |
*These requirements do not apply to an eligible project that is an electric generation facility described by Section 403.602(8)(A)(i)(b).
Program Requirements
- To clearly define and eliminate confusion, the program rules propose that all eligible categories for the Jobs, Education, Technology and Innovation (JETI) program will be prescribed by NAICS codes.
- Proposed projects must fall within one of the prescribed NAICS industries to be considered eligible.
- Dispatchable electric generation is not subject to job requirements.
- A performance bond will be required to be obtained by a company before an agreement can be executed.
- Wages will also be based on the eligible NAICS category the applicant references on their application for the proposed project.
- The proposed rules clarify that the wages will be based on a statewide average using Quarterly Census of Employment and Wages (QCEW) data as published by the Texas Workforce Commission.
- The compelling factor determination will be based on competitive site selection, and whether the applicant would make the proposed investment in absence of the agreement.
- Applicant will need to provide proof of alternate sites being considered for the project.
- CPA will consider several factors to include proposed project financials, real estate transactions, infrastructure, existing facilities and market conditions.
- To qualify for a greater reduction in taxable value (75 percent discount), a proposed project must locate eligible property in a qualified opportunity zone.
- The proposed rules clarify that the entire project including its boundaries must fall within a qualified opportunity zone in order to be subject to the additional benefit.
- The applicant will be required to provide proof that the $30,000 fee was paid to the school district as part of the application.
- CPA will not require a fee.
Questions?
If you have any questions or concerns regarding the material on this page, please contact the Comptroller’s Data Analysis and Transparency Division.