[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4610 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 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.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 13, 2023

Mr. Doggett (for himself and Mr. McCaul) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CHANGE OF DATE RELATING TO AMOUNT BENEFITTING FROM SPECIAL 
              ARBITRAGE RULE.

    (a) In General.--Paragraph (4) of section 648 of the Tax Reform Act 
of 1984 (Public Law 98-369, 98 Stat. 494) is amended by striking 
``October 9, 1969'' and inserting ``March 1, 1985''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of enactment of this Act.
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