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Tax Law Changes for Texas University Fund

This bill aligns federal tax law with the Texas Constitution. Its purpose is to ensure that funds for higher education in Texas can continue to be fully utilized. Texas citizens may indirectly benefit from stable university funding.
Key points
The bill changes a date in tax regulations, allowing for better management of Texas university funds.
The change aims to maximize the financial benefits for higher education in Texas.
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Additional Information
To conform Federal tax law with the Texas Constitution to allow for the continued benefit to the fullest extent possible from the financial leverage of the Permanent University Fund to the State of Texas.
Print number: HR 9332
Sponsor: Rep. Doggett, Lloyd [D-TX-35]
Process start date: 2022-11-17