Relating to a periodic review and expiration dates of state and local tax preferences.

HB 3279 creates a new commission to periodically review Texas state and local tax preferences, such as credits, exemptions, and special tax rates. The commission - composed of five House members, five Senate members, and the comptroller - will develop a biennial review schedule for all tax preferences, identifying which ones to maintain, modify, or eliminate. This process affects all state and local tax policies that provide financial benefits beyond standard tax rates. The bill establishes the commission's structure, terms, and funding but does not change specific tax rates or preferences itself. The review mechanism aims to ensure tax preferences remain cost-effective and aligned with policy goals.