| LEGISLATIVE BUDGET BOARD |
| Austin, Texas |
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| FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION |
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| April 14, 2015 |
| TO: | Honorable Dennis Bonnen, Chair, House Committee on Ways & Means |
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| FROM: | Ursula Parks, Director, Legislative Budget Board |
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| IN RE: | HB2114 by Murphy (relating to the repeal of the inheritance tax.), Committee Report 1st House, Substituted |
No significant fiscal implication to the State is anticipated.
The bill would repeal Chapter 211 of the Tax Code to eliminate inheritance taxes.
The state's inheritance tax has collected no significant revenue since fiscal 2005, and its expected repeal would have no fiscal impact.
The bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.