HBA-KDB, RKM H.B. 82 77(R)BILL ANALYSIS Office of House Bill AnalysisH.B. 82 By: Gallego Ways & Means 7/19/2001 Enrolled BACKGROUND AND PURPOSE University and college student organizations are taxed on income generated through fundraising activities. Prior to the 77th Legislature, these organizations were equally taxed regardless of size, university enrollment, or revenues generated. House Bill 82 provides tax exemptions for the first $5,000 of total receipts raised by qualified student organizations. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 82 amends the Tax Code to provide a tax exemption in each calender year for the first $5,000 of a qualified student organization's total receipts from sales of taxable items. EFFECTIVE DATE October 1, 2001.