Bill Summary – FastDemocracy

   
      87(R) SB 873 - Enrolled version - Bill Text
      
            S.B.  No.  873
         
               AN ACT
            
            relating to disclosure by the comptroller to the purchaser of a 
         
            business of the amount of tax due.
         
                          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
                          SECTION  1.    Section 111.020, Tax Code, is amended by 
         
            amending Subsection (c) and adding Subsection (c-1) to read as 
         
            follows:
         
                          (c)    The purchaser of a business may request, on an affidavit 
         
            or other form prescribed by the comptroller, that the comptroller 
         
            issue a certificate stating that no tax is due or issue a statement 
         
            of the amount required to be paid before a certificate may be 
         
            issued.   The comptroller shall issue the certificate or statement 
         
            within 60 days after receiving the request or within 60 days after 
         
            the day on which the records of the former owner of the business are 
         
            made available for audit, whichever period expires later, but in 
         
            either event the comptroller shall issue the certificate or 
         
            statement within 90 days after the date of receiving the request.
         
                          (c-1)    Section 111.006(a) does not apply to the disclosure of 
         
            information under Subsection (c).
         
                          SECTION  2.    This Act takes effect September 1, 2021.
         
            ______________________________
            ______________________________
         
                  President of the Senate
            Speaker of the House          
         
                          I hereby certify that S.B.  No.  873 passed the Senate on       
         
            March 30, 2021, by the following vote:    Yeas  31, Nays  0.
         
            ______________________________
         
            Secretary of the Senate        
         
                          I hereby certify that S.B.  No.  873 passed the House on               
         
            May 24, 2021, by the following vote:    Yeas  145, Nays  0, one present 
         
            not voting.
         
            ______________________________
         
            Chief Clerk of the House      
         
            Approved:
         
            ______________________________  
         
                                    Date
         
            ______________________________  
         
                                Governor
         
Statutes affected: 
Introduced: 111.020 Tax Code
Senate Committee Report: 111.020 Tax Code
Engrossed: 111.020 Tax Code
House Committee Report: 111.020 Tax Code
Enrolled: 111.020 Tax Code




	AN ACT
	relating to disclosure by the comptroller to the purchaser of a
	business of the amount of tax due.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 111.020, Tax Code, is amended by
	amending Subsection (c) and adding Subsection (c-1) to read as
	follows:
	(c) The purchaser of a business may request, on an affidavit
	or other form prescribed by the comptroller, that the comptroller
	issue a certificate stating that no tax is due or issue a statement
	of the amount required to be paid before a certificate may be
	issued. The comptroller shall issue the certificate or statement
	within 60 days after receiving the request or within 60 days after
	the day on which the records of the former owner of the business are
	made available for audit, whichever period expires later, but in
	either event the comptroller shall issue the certificate or
	statement within 90 days after the date of receiving the request.
	(c-1) Section 111.006(a) does not apply to the disclosure of
	information under Subsection (c).
	SECTION 2. This Act takes effect September 1, 2021.





	______________________________	______________________________
	President of the Senate	Speaker of the House

	I hereby certify that S.B. No. 873 passed the Senate on
	March 30, 2021, by the following vote: Yeas 31, Nays 0.


	______________________________
	Secretary of the Senate

	I hereby certify that S.B. No. 873 passed the House on
	May 24, 2021, by the following vote: Yeas 145, Nays 0, one present
	not voting.


	______________________________
	Chief Clerk of the House



	Approved:

	______________________________
	Date


	______________________________
	Governor