84R20371 CBH-D
By: Murphy, Bohac H.B. No. 2114
Substitute the following for H.B. No. 2114:
By: Parker C.S.H.B. No. 2114
A BILL TO BE ENTITLED
AN ACT
relating to the repeal of the inheritance tax.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 211, Tax Code, is repealed.
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. 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 4. This Act takes effect September 1, 2015.