2011 Regular Session
|At the request of:|
|Bill Title:||Relating to charitable organizations; providing for revenue raising that requires approval by a three-fifths majority.|
Provides that tax-exempt charitable organization is subject to corporate excise tax if organization's expenditures on charitable activities and purposes for tax year do not exceed 30 percent of sum of charitable contributions and other income of organization for tax year.
Applies to tax years beginning on or after January 1, 2012.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|