TO: | Honorable Rene Oliveira, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB507 by Brown, Betty (Relating to an exemption from the sales and use tax for certain funding-raising sales conducted by a nonprofit organization that operates to benefit the patients of a state mental hospital.), As Introduced |
The bill would amend Chapter 151 of the Tax Code, regarding the sales tax.
The bill would allow a nonprofit organization that operates to benefit the patients of a state mental hospital to hold a tax-free sale or auction once during each calendar month.
Currently, public service organizations can hold two tax-free sales each year. The bill would grant such organizations operating to benefit a state mental hospital the right to hold twelve tax-free sales each year.
The bill would take effect July 1, 2009, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2009.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, MN, SD, KK
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