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A BILL TO BE ENTITLED
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AN ACT
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relating to the repeal of the inheritance tax and the tax on |
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combative sports events. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The following are repealed: |
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(1) Sections 2052.151 and 2052.152, Occupations Code; |
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(2) the heading to Subchapter D, Chapter 2052, |
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Occupations Code; and |
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(3) Chapter 211, Tax Code. |
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SECTION 2. Section 124.001(3), Estates Code, is amended to |
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read as follows: |
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(3) "Estate tax" means any estate, inheritance, or |
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death tax levied or assessed on the property of a decedent's estate |
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because of the death of a person and imposed by federal, state, |
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local, or foreign law, including the federal estate tax and the |
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inheritance tax imposed by former Chapter 211, Tax Code, and |
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including interest and penalties imposed in addition to those |
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taxes. The term does not include a tax imposed under Section |
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2701(d)(1)(A), Internal Revenue Code of 1986 (26 U.S.C. Section |
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2701(d)). |
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SECTION 3. Section 2052.102(b), Occupations Code, is |
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amended to read as follows: |
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(b) An application must be accompanied by: |
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(1) a license fee in an amount set by the commission; |
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and |
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(2) a surety bond[:
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[(A)] subject to approval by the executive |
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director[; and
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[(B)
conditioned on the applicant's payment of
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the tax imposed under Section 2052.151]. |
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SECTION 4. Section 2052.153, Occupations Code, is |
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transferred to Subchapter C, Chapter 2052, Occupations Code, |
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redesignated as Section 2052.1135, Occupations Code, and amended to |
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read as follows: |
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Sec. 2052.1135 [2052.153]. CLOSED CIRCUIT TELECAST. A |
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person exhibiting a simultaneous telecast of a live, spontaneous, |
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or current combative sports event on a closed circuit telecast that |
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occurs in Texas in which a fee is charged for admission to the |
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exhibition[:
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[(1)] must: |
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(1) [(A)] be a promoter; and |
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(2) [(B)] obtain a permit for each telecast |
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exhibited[; and
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[(2)
shall comply with the tax provisions of Sections
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2052.151 and 2052.152]. |
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SECTION 5. The changes in law made by this Act do not affect |
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tax liability accruing before the effective date of this Act. That |
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liability continues in effect as if this Act had not been enacted, |
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and the former law is continued in effect for the collection of |
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taxes due and for civil and criminal enforcement of the liability |
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for those taxes. |
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SECTION 6. This Act takes effect September 1, 2015. |