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 distributee. The bill modifies Section 152.025(a) by removing the reference to receiving a vehicle from a decedent's estate and instead allows for 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.

The bill also updates the requirements for filing a joint statement related to gifts of motor vehicles, specifying that it must be filed in person by the recipient or the person from whom the gift is received, excluding estates. 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)