S.B. No. 2064 amends the Texas Tax Code to provide an exemption from certain taxes imposed on the transfer of a motor vehicle from a decedent or the decedent's estate to a recipient. The bill modifies Section 152.025(a) to clarify the relationships that qualify for the exemption, specifically removing the reference to receiving a vehicle from a decedent's estate and instead allowing transfers from a trust that is revocable by the recipient or their spouse. Additionally, it introduces a new section, 152.094, which explicitly states that taxes do not apply to the transfer of a motor vehicle from an estate to a distributee or under a rights of survivorship agreement.

Furthermore, the bill amends Section 152.062(b-2) to specify that a joint statement related to a gift must be filed in person by the recipient or the person from whom the gift is received, excluding the need for a representative from the estate. The act is set to take effect on September 1, 2025, and applies only to transfers occurring on or after that date.

Statutes affected:
Introduced: Tax Code 152.025 (Tax Code 152)
Senate Committee Report: Tax Code 152.025 (Tax Code 152)
Engrossed: Tax Code 152.025 (Tax Code 152)
House Committee Report: Tax Code 152.025 (Tax Code 152)
Enrolled: Tax Code 152.025 (Tax Code 152)