BILL ANALYSIS H.B. 2327 By: Goldman Ways & Means Committee Report (Unamended) BACKGROUND AND PURPOSE The current process to renew an agricultural and timber sales and use tax exemption registration number requires filling out the same paperwork annually. This can be redundant and burdensome, especially for our seniors. H.B. 2327 seeks to address that issue by exempting property owners who are 65 or older from the requirement to renew their registration number. CRIMINAL JUSTICE IMPACT It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS H.B. 2327 amends the Tax Code to exempt a person who is 65 years of age or older from the requirement to renew an agricultural and timber sales and use tax exemption registration number they have been issued or hold. This renewal exemption does not apply to a registration number that expired before the bill's effective date and was not renewed and does not affect tax liability accruing before the bill's effective date. EFFECTIVE DATE September 1, 2023.
BILL ANALYSIS
# BILL ANALYSIS
H.B. 2327
By: Goldman
Ways & Means
Committee Report (Unamended)
H.B. 2327
By: Goldman
Ways & Means
Committee Report (Unamended)
BACKGROUND AND PURPOSE The current process to renew an agricultural and timber sales and use tax exemption registration number requires filling out the same paperwork annually. This can be redundant and burdensome, especially for our seniors. H.B. 2327 seeks to address that issue by exempting property owners who are 65 or older from the requirement to renew their registration number.
CRIMINAL JUSTICE IMPACT It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS H.B. 2327 amends the Tax Code to exempt a person who is 65 years of age or older from the requirement to renew an agricultural and timber sales and use tax exemption registration number they have been issued or hold. This renewal exemption does not apply to a registration number that expired before the bill's effective date and was not renewed and does not affect tax liability accruing before the bill's effective date.
EFFECTIVE DATE September 1, 2023.
BACKGROUND AND PURPOSE
The current process to renew an agricultural and timber sales and use tax exemption registration number requires filling out the same paperwork annually. This can be redundant and burdensome, especially for our seniors. H.B. 2327 seeks to address that issue by exempting property owners who are 65 or older from the requirement to renew their registration number.
CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS
H.B. 2327 amends the Tax Code to exempt a person who is 65 years of age or older from the requirement to renew an agricultural and timber sales and use tax exemption registration number they have been issued or hold. This renewal exemption does not apply to a registration number that expired before the bill's effective date and was not renewed and does not affect tax liability accruing before the bill's effective date.
EFFECTIVE DATE
September 1, 2023.