Bill

HB 3777

87(R) - 2021
House Ways & Means
House Ways & Means
Taxation
Nonprofit Organizations
Texas History

Contact the Author

Candy Noble

Phone:

512-463-0186

Capitol Office:

E1.412

Email:

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Candy Noble
Ryan Guillen

Bill Caption

Relating to eligible costs and expenses for purposes of the franchise tax credit for the certified rehabilitation of certified historic structures.

Fiscal Notes

Estimated two-year net impact to general revenue related funds for HB 3777, Committee Report 1st House, substituted: a positive impact of $7,590,000 through the biennium ending August 31, 2023.

Additionally, the bill will have a direct impact of a revenue gain to the Property Tax Relief Fund of $4,910,000 for the 2022-2023 biennium. Any gain to the Property Tax Relief Fund will result in an equal amount of savings to General Revenue to funding the Foundation School Program.

Bill Analysis

HB 3777 would define expenditures by non-profit organizations to rehabilitate historical structures in order to clarify which types of organizations are eligible for a franchise tax credit.

Vote Recommendation Notes

Texas Action is neutral on HB 3777.

Contact the Author

Candy Noble

Phone:

512-463-0186

Capitol Office:

E1.412

Email: