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To conform Federal tax law with the Texas Constitution to allow for the continued benefit to the fullest extent possible from the financial leverage of the Permanent University Fund to the State of Texas.

1/31/2024, 8:15 AM

Summary of Bill HR 4610

Bill 118 hr 4610 aims to align Federal tax law with the Texas Constitution in order to ensure that the State of Texas can fully benefit from the financial leverage provided by the Permanent University Fund. The Permanent University Fund is a valuable resource that supports higher education in Texas by providing funding for universities and colleges.

By conforming Federal tax law with the Texas Constitution, this bill seeks to maximize the benefits that the State of Texas can receive from the Permanent University Fund. This will help to ensure that Texas universities and colleges have the necessary resources to provide high-quality education to students and contribute to the state's economic growth.

Overall, Bill 118 hr 4610 is designed to support higher education in Texas and ensure that the state can continue to leverage the Permanent University Fund to its fullest extent. By aligning Federal tax law with the Texas Constitution, this bill will help to strengthen the state's education system and support its long-term success.

Congressional Summary of HR 4610

This bill updates the effective date of the arbitrage rules for the Permanent University Fund of the state of Texas.

Read the Full Bill

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Current Status of Bill HR 4610

Bill HR 4610 is currently in the status of Bill Introduced since July 13, 2023. Bill HR 4610 was introduced during Congress 118 and was introduced to the House on July 13, 2023.  Bill HR 4610's most recent activity was Referred to the House Committee on Ways and Means. as of July 13, 2023

Bipartisan Support of Bill HR 4610

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
24
Democrat Cosponsors
12
Republican Cosponsors
12
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4610

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4610

To conform Federal tax law with the Texas Constitution to allow for the continued benefit to the fullest extent possible from the financial leverage of the Permanent University Fund to the State of Texas.
To conform Federal tax law with the Texas Constitution to allow for the continued benefit to the fullest extent possible from the financial leverage of the Permanent University Fund to the State of Texas.

Comments

Sponsors and Cosponsors of HR 4610

Lloyd Doggett
Lloyd Doggett
TexasDemocrat
Beth Van Duyne
Beth Van Duyne
TexasRepublican
Marc A. Veasey
Marc A. Veasey
TexasDemocrat
August Pfluger
August Pfluger
TexasRepublican
Michael T. McCaul
Michael T. McCaul
TexasRepublican
Lance Gooden
Lance Gooden
TexasRepublican

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