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