SRC-TBR H.B. 2833 77(R)   BILL ANALYSIS


Senate Research Center   H.B. 2833
77R6858 SMJ-FBy: Grusendorf (Jackson)
Finance
5/8/2001
Engrossed


DIGEST AND PURPOSE 

Current law does not explicitly exclude a non-attorney providing statutory
foreclosure services from being regarded as a provider of debt collection
services, which is considered a taxable event for state sales tax purposes.
H.B. 2833 provides that debt collection service does not include a service
provided by a person acting as a trustee in connection with the foreclosure
sale of certain property. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a
state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 151.0036(b), Tax Code, to redefine "debt
collection service." 

SECTION 2. (a)  Effective date: July 1, 2001, or October 1, 2001.

(b)  Makes application of this Act prospective.