By Stiles H.B. No. 1660
Substitute the following for H.B. No. 1660:
By Heflin C.S.H.B. No. 1660
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to sales tax exemptions for religious, charitable,
1-3 educational, and public service organizations.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 151.310 of the Tax Code is amended by
1-6 adding a new subsection (e) to read as follows:
1-7 "(e) A charitable organization that qualifies for an
1-8 exemption under subsection (a)(2) of this section may hold
1-9 fundraising auctions at any time during a calendar year. Provided,
1-10 however, that such organization's bona fide chapters may not hold
1-11 more than one auction per month. The sale of a taxable item at
1-12 such auction is exempted from the sales tax imposed by Subchapter C
1-13 of this chapter. The storage, use, or consumption of a taxable
1-14 item acquired at such auction is exempted from the use tax imposed
1-15 by Subchapter D of this chapter until the item is resold or
1-16 subsequently transferred."
1-17 SECTION 2. The importance of this legislation and the
1-18 crowded condition of the calendars in both houses create an
1-19 emergency and an imperative public necessity that the
1-20 constitutional rule requiring bills to be read on three several
1-21 days in each house be suspended, and this rule is hereby suspended,
1-22 and that this Act take effect and be in force from and after its
1-23 passage, and it is so enacted.