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House Bill 365 |
House Author: Chisum |
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Effective: 5-24-07 |
Senate Sponsor: Seliger |
Under previous law, a charitable or nonprofit organization conducting an auction was exempt from a requirement that the auction be performed by a licensed auctioneer if that person received no compensation. House Bill 365 amends the Occupations Code to broaden the exemption to apply to a person who organizes, arranges, or conducts the auction without compensation. The bill clarifies that the exemption also applies to religious and civic organizations and includes organizations that are tax exempt under provisions of the Internal Revenue Code.