By: Hancock, Bettencourt S.B. No. 873
A BILL TO BE ENTITLED
AN ACT
relating to disclosure by the comptroller to the purchaser of a
business of the amount of tax due.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 111.020, Tax Code, is amended by
amending Subsection (c) and adding Subsection (c-1) to read as
follows:
(c) The purchaser of a business may request, on an affidavit
or other form prescribed by the comptroller, that the comptroller
issue a certificate stating that no tax is due or issue a statement
of the amount required to be paid before a certificate may be
issued. The comptroller shall issue the certificate or statement
within 60 days after receiving the request or within 60 days after
the day on which the records of the former owner of the business are
made available for audit, whichever period expires later, but in
either event the comptroller shall issue the certificate or
statement within 90 days after the date of receiving the request.
(c-1) Section 111.006(a) does not apply to the disclosure of
information under Subsection (c).
SECTION 2. This Act takes effect September 1, 2021.