| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R3166 SRA-F | |
| 2 | 2 | By: Button H.B. No. 3060 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to disclosure by the comptroller to the purchaser of a | |
| 8 | 8 | business of the amount of tax due. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 111.020, Tax Code, is amended by | |
| 11 | 11 | amending Subsection (c) and adding Subsection (c-1) to read as | |
| 12 | 12 | follows: | |
| 13 | 13 | (c) The purchaser of a business may request, on an affidavit | |
| 14 | 14 | or other form prescribed by the comptroller, that the comptroller | |
| 15 | 15 | issue a certificate stating that no tax is due or issue a statement | |
| 16 | 16 | of the amount required to be paid before a certificate may be | |
| 17 | 17 | issued. The comptroller shall issue the certificate or statement | |
| 18 | 18 | within 60 days after receiving the request or within 60 days after | |
| 19 | 19 | the day on which the records of the former owner of the business are | |
| 20 | 20 | made available for audit, whichever period expires later, but in | |
| 21 | 21 | either event the comptroller shall issue the certificate or | |
| 22 | 22 | statement within 90 days after the date of receiving the request. | |
| 23 | 23 | (c-1) Section 111.006(a) does not apply to the disclosure of | |
| 24 | 24 | information under Subsection (c). | |
| 25 | 25 | SECTION 2. This Act takes effect September 1, 2021. |