84R20371 CBH-D
 
  By: Murphy, Bohac H.B. No. 2114
 
  Substitute the following for H.B. No. 2114:
 
  By:  Parker C.S.H.B. No. 2114
 
 
 
A BILL TO BE ENTITLED
 
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   Chapter 211, Tax Code, is repealed.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.