| 1 | 1 | | 84R20371 CBH-D |
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| 2 | 2 | | By: Murphy, Bohac H.B. No. 2114 |
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| 3 | 3 | | Substitute the following for H.B. No. 2114: |
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| 4 | 4 | | By: Parker C.S.H.B. No. 2114 |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to the repeal of the inheritance tax. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Chapter 211, Tax Code, is repealed. |
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| 12 | 12 | | SECTION 2. Section 124.001(3), Estates Code, is amended to |
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| 13 | 13 | | read as follows: |
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| 14 | 14 | | (3) "Estate tax" means any estate, inheritance, or |
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| 15 | 15 | | death tax levied or assessed on the property of a decedent's estate |
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| 16 | 16 | | because of the death of a person and imposed by federal, state, |
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| 17 | 17 | | local, or foreign law, including the federal estate tax and the |
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| 18 | 18 | | inheritance tax imposed by former Chapter 211, Tax Code, and |
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| 19 | 19 | | including interest and penalties imposed in addition to those |
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| 20 | 20 | | taxes. The term does not include a tax imposed under Section |
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| 21 | 21 | | 2701(d)(1)(A), Internal Revenue Code of 1986 (26 U.S.C. Section |
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| 22 | 22 | | 2701(d)). |
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| 23 | 23 | | SECTION 3. The changes in law made by this Act do not affect |
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| 24 | 24 | | tax liability accruing before the effective date of this Act. That |
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| 25 | 25 | | liability continues in effect as if this Act had not been enacted, |
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| 26 | 26 | | and the former law is continued in effect for the collection of |
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| 27 | 27 | | taxes due and for civil and criminal enforcement of the liability |
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| 28 | 28 | | for those taxes. |
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| 29 | 29 | | SECTION 4. This Act takes effect September 1, 2015. |
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