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A BILL TO BE ENTITLED
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AN ACT
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relating to the interest on certain tax refunds or credits. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. REPEALER. Section 111.064, Tax Code, is |
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repealed. |
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SECTION 2. (a) This Act applies only to a refund or credit |
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granted for a report period due on or after the effective date of |
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this Act. |
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(b) A refund or credit granted for a report period due |
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before the effective date of this Act is covered by the law in |
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effect as it existed before the effective date of this Act, and the |
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former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |