Bill Text: TX SB752 | 2015-2016 | 84th Legislature | Enrolled


Bill Title: Relating to the repeal of the inheritance tax.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Passed) 2015-06-19 - Effective on 9/1/15 [SB752 Detail]

Download: Texas-2015-SB752-Enrolled.html
 
 
  S.B. No. 752
 
 
 
 
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   Chapter 211, Tax Code, is repealed.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.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 752 passed the Senate on
  March 25, 2015, by the following vote: Yeas 31, Nays 0; and that
  the Senate concurred in House amendment on May 28, 2015, by the
  following vote: Yeas 31, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 752 passed the House, with
  amendment, on May 22, 2015, by the following vote: Yeas 141,
  Nays 0, two present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor
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