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A BILL TO BE ENTITLED
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AN ACT
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relating to the repeal of state sales tax and franchise tax refunds |
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for certain ad valorem tax payers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter F, Chapter 111, Tax Code, is |
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repealed. |
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SECTION 2. The repeal of Subchapter F, Chapter 111, Tax |
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Code, by this Act does not affect a right to claim a refund of state |
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sales and use and state franchise taxes that was established under |
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Section 111.301, Tax Code, in relation to taxes paid before the |
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effective date of this Act. A right to claim a refund of state sales |
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and use and state franchise taxes that was established under |
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Section 111.301, Tax Code, in relation to taxes paid before the |
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effective date of this Act is governed by the law in effect on the |
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date the right to claim the refund was established, and the former |
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law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect January 1, 2012. |