S.B. No. 500
AN ACT
relating to the value of a residential dwelling offered or awarded
as a prize at a charitable raffle.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2002.056(b-1), Occupations Code, is
amended to read as follows:
(b-1) The value of a residential dwelling offered or awarded
as a prize at a raffle that is purchased by the organization or for
which the organization provides any consideration may not exceed
$750,000 [$250,000].
SECTION 2. The change in law made by this Act applies only
to a charitable raffle conducted under Chapter 2002, Occupations
Code, for which a residential dwelling is offered or awarded as a
prize on or after the effective date of this Act. A charitable
raffle conducted under Chapter 2002, Occupations Code, for which a
residential dwelling is offered or awarded as a prize before the
effective date of this Act is governed by the law in effect on the
date the prize was offered or awarded, and the former law is
continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2023.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 500 passed the Senate on
April 6, 2023, by the following vote: Yeas 31, Nays 0;
May 2, 2023, Senate refused to concur in House amendments and
requested appointment of Conference Committee; May 5, 2023, House
granted request of the Senate; May 17, 2023, Senate adopted
Conference Committee Report by the following vote: Yeas 31,
Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 500 passed the House, with
amendments, on April 21, 2023, by the following vote: Yeas 109,
Nays 30, one present not voting; May 5, 2023, House granted request
of the Senate for appointment of Conference Committee;
May 15, 2023, House adopted Conference Committee Report by the
following vote: Yeas 123, Nays 21, one present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor