HBA-JRA, RBT H.B. 2269 76(R)BILL ANALYSIS


Office of House Bill AnalysisH.B. 2269
By: Hamric
Ways & Means
7/22/1999
Enrolled



BACKGROUND AND PURPOSE 

Currently, property owned by certain charitable organizations performing
certain functions is exempt from ad valorem taxation.  H.B. 2269 includes
in that list an organization that provides housing on a cooperative basis
to students of an institution of higher education if the organization is
exempt from federal income taxes under Section 501(a) of the Internal
Revenue Code of 1986, and its subsequent amendments, by being listed as an
exempt entity, the membership in the organization is open to all students
enrolled in the institution and is not limited to those chosen by current
members of the organization, the organization is governed by its members,
and the members of the organization share the responsibility for managing
the housing.  

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 11.18(d), Tax Code, to include in the list of
charitable organizations an organization that provides housing on a
cooperative basis to students of an institution of higher education if the
organization is exempt from federal income taxes under Section 501(a) of
the Internal Revenue Code of 1986, and its subsequent amendments, by being
listed as an exempt entity, the membership in the organization is open to
all students enrolled in the institution and is not limited to those chosen
by current members of the organization, the organization is governed by its
members, and the members of the organization share the responsibility for
managing the housing. Makes a nonsubstantive change. 

SECTION 2.  Effective date: January 1, 2000.

SECTION 3.  Emergency clause.