| 8 | 4 | | AN ACT |
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| 9 | 5 | | relating to the repeal of the inheritance tax. |
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| 10 | 6 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 7 | | SECTION 1. Chapter 211, Tax Code, is repealed. |
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| 12 | 8 | | SECTION 2. Section 124.001(3), Estates Code, is amended to |
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| 13 | 9 | | read as follows: |
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| 14 | 10 | | (3) "Estate tax" means any estate, inheritance, or |
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| 15 | 11 | | death tax levied or assessed on the property of a decedent's estate |
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| 16 | 12 | | because of the death of a person and imposed by federal, state, |
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| 17 | 13 | | local, or foreign law, including the federal estate tax and the |
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| 18 | 14 | | inheritance tax imposed by former Chapter 211, Tax Code, and |
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| 19 | 15 | | including interest and penalties imposed in addition to those |
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| 20 | 16 | | taxes. The term does not include a tax imposed under Section |
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| 21 | 17 | | 2701(d)(1)(A), Internal Revenue Code of 1986 (26 U.S.C. Section |
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| 22 | 18 | | 2701(d)). |
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| 23 | 19 | | SECTION 3. The changes in law made by this Act do not affect |
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| 24 | 20 | | tax liability accruing before the effective date of this Act. That |
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| 25 | 21 | | liability continues in effect as if this Act had not been enacted, |
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| 26 | 22 | | and the former law is continued in effect for the collection of |
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| 27 | 23 | | taxes due and for civil and criminal enforcement of the liability |
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| 28 | 24 | | for those taxes. |
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| 29 | 25 | | SECTION 4. This Act takes effect September 1, 2015. |
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| 26 | + | ______________________________ ______________________________ |
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| 27 | + | President of the Senate Speaker of the House |
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| 28 | + | I hereby certify that S.B. No. 752 passed the Senate on |
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| 29 | + | March 25, 2015, by the following vote: Yeas 31, Nays 0; and that |
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| 30 | + | the Senate concurred in House amendment on May 28, 2015, by the |
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| 31 | + | following vote: Yeas 31, Nays 0. |
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| 32 | + | ______________________________ |
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| 33 | + | Secretary of the Senate |
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| 34 | + | I hereby certify that S.B. No. 752 passed the House, with |
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| 35 | + | amendment, on May 22, 2015, by the following vote: Yeas 141, |
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| 36 | + | Nays 0, two present not voting. |
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| 37 | + | ______________________________ |
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| 38 | + | Chief Clerk of the House |
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| 39 | + | Approved: |
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| 40 | + | ______________________________ |
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| 41 | + | Date |
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| 42 | + | ______________________________ |
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| 43 | + | Governor |
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