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Tax Law Changes for Texas University Fund

This bill amends a date in tax law to align with the Texas Constitution. The goal is to ensure that funds for higher education in Texas can continue to be fully utilized. It does not directly impact citizens' daily finances but supports the financial stability of Texas universities.
Key points
Aligns federal tax law with the Texas Constitution to maximize the benefit from university funds.
Changes a specific date in the Tax Reform Act of 1984, affecting arbitrage rules for educational funds.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 118_HR_4610
Sponsor: Rep. Doggett, Lloyd [D-TX-37]
Process start date: 2023-07-13
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4610.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-13.

What are the main provisions?

Key points include:

  • Aligns federal tax law with the Texas Constitution to maximize the benefit from university funds.
  • Changes a specific date in the Tax Reform Act of 1984, affecting arbitrage rules for educational funds.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Doggett, Lloyd [D-TX-37].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Education