84R7744 CBH-F
By: Murphy H.B. No. 2114
A BILL TO BE ENTITLED
AN ACT
relating to the repeal of the inheritance tax and the tax on
combative sports events.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The following are repealed:
(1) Sections 2052.151 and 2052.152, Occupations Code;
(2) the heading to Subchapter D, Chapter 2052,
Occupations Code; and
(3) Chapter 211, Tax Code.
SECTION 2. Section 124.001(3), Estates Code, is amended to
read as follows:
(3) "Estate tax" means any estate, inheritance, or
death tax levied or assessed on the property of a decedent's estate
because of the death of a person and imposed by federal, state,
local, or foreign law, including the federal estate tax and the
inheritance tax imposed by former Chapter 211, Tax Code, and
including interest and penalties imposed in addition to those
taxes. The term does not include a tax imposed under Section
2701(d)(1)(A), Internal Revenue Code of 1986 (26 U.S.C. Section
2701(d)).
SECTION 3. Section 2052.102(b), Occupations Code, is
amended to read as follows:
(b) An application must be accompanied by:
(1) a license fee in an amount set by the commission;
and
(2) a surety bond[:
[(A)] subject to approval by the executive
director[; and
[(B) conditioned on the applicant's payment of
the tax imposed under Section 2052.151].
SECTION 4. Section 2052.153, Occupations Code, is
transferred to Subchapter C, Chapter 2052, Occupations Code,
redesignated as Section 2052.1135, Occupations Code, and amended to
read as follows:
Sec. 2052.1135 [2052.153]. CLOSED CIRCUIT TELECAST. A
person exhibiting a simultaneous telecast of a live, spontaneous,
or current combative sports event on a closed circuit telecast that
occurs in Texas in which a fee is charged for admission to the
exhibition[:
[(1)] must:
(1) [(A)] be a promoter; and
(2) [(B)] obtain a permit for each telecast
exhibited[; and
[(2) shall comply with the tax provisions of Sections
2052.151 and 2052.152].
SECTION 5. The changes in law made by this Act do not affect
tax liability accruing before the effective date of this Act. That
liability continues in effect as if this Act had not been enacted,
and the former law is continued in effect for the collection of
taxes due and for civil and criminal enforcement of the liability
for those taxes.
SECTION 6. This Act takes effect September 1, 2015.