HBA-KDB, RKM H.B. 82 77(R)BILL ANALYSIS


Office of House Bill AnalysisH.B. 82
By: Gallego
Ways & Means
7/19/2001
Enrolled



BACKGROUND AND PURPOSE 

University and college student organizations are taxed on income generated
through fundraising activities. Prior to the 77th Legislature, these
organizations were equally taxed regardless of size, university enrollment,
or revenues generated.  House Bill 82 provides tax exemptions for the first
$5,000 of total receipts raised by qualified student organizations. 

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. 

ANALYSIS

House Bill 82 amends the Tax Code to provide a tax exemption in each
calender year for the first $5,000 of a qualified student organization's
total receipts from sales of taxable items. 

EFFECTIVE DATE

October 1, 2001.