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TX HB4809
TX HB4809Relating to the strong families credit against certain taxes for entities that contribute to certain organizations.
summary
Introduced
03/10/2023
03/10/2023
In Committee
03/23/2023
03/23/2023
Crossed Over
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to the strong families credit against certain taxes for entities that contribute to certain organizations.
AI Summary
This bill creates a "strong families tax credit" that allows certain taxpayers, including businesses, insurance companies, and producers, to claim a credit against their state taxes for making designated contributions to eligible organizations that provide services to support strong families in Texas. The credit is subject to annual limits on the total amount of credits that can be awarded and the maximum amount of contributions an entity can make. The bill establishes criteria for an organization to be designated as eligible and imposes certain requirements on those organizations. The bill applies to designated contributions made and tax reports due on or after January 1, 2024.
Committee Categories
Budget and Finance
Sponsors (6)
Giovanni Capriglione (R)*,
James Frank (R)*,
Lynn Stucky (R)*,
Shawn Thierry (R)*,
Trent Ashby (R),
Four Price (R),
Last Action
Left pending in committee (on 04/17/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB4809 |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/88R/fiscalnotes/html/HB04809I.htm |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB04809I.htm |
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