Bill Text: TX SB500 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the value of a residential dwelling offered or awarded as a prize at a charitable raffle.
Spectrum: Slight Partisan Bill (Democrat 7-3)
Status: (Passed) 2023-06-02 - Effective on 9/1/23 [SB500 Detail]
Download: Texas-2023-SB500-Comm_Sub.html
Bill Title: Relating to the value of a residential dwelling offered or awarded as a prize at a charitable raffle.
Spectrum: Slight Partisan Bill (Democrat 7-3)
Status: (Passed) 2023-06-02 - Effective on 9/1/23 [SB500 Detail]
Download: Texas-2023-SB500-Comm_Sub.html
By: West, et al. | S.B. No. 500 | |
(Thompson of Harris, Kuempel, Hernandez, Darby, Allen) | ||
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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 | ||
$500,000 [ |
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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. |