Texas Estates Code

§ 124.001 — DEFINITIONS

ES § 124.001Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part C. PASSAGE OF TITLE AND DISTRIBUTION OF DECEDENTS' PROPERTY IN GENERAL · Ch. 124. VALUATION AND TAXATION OF ESTATE PROPERTY · Art. A. APPORTIONMENT OF TAXES

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In this subchapter:

(1)"Court" means:

(A)a court in which proceedings for administration of an estate are pending or have been completed; or

(B)if no proceedings are pending or have been completed, a court in which venue lies for the administration of an estate.

(2)"Estate" means the gross estate of a decedent as determined for the purpose of estate taxes.

(3)"Estate tax" means any estate, inheritance, or death tax levied or assessed on the property of a decedent's estate because of the death of a person and imposed by federal, state, local, or foreign law, including the federal estate tax and the inheritance tax imposed by former Chapter 211, Tax Code, and including interest and penalties imposed in addition to those taxes. The term does not include a tax imposed under Section 2601 or 2701(d)(1)(A), Internal Revenue Code of 1986 (26 U.S.C. Section 2601 or 2701(d)).

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Legislative history

Acts 2015, 84th Leg., R.S., Ch. 1161 (S.B. 752), Sec. 2, eff. September 1, 2015. Acts 2017, 85th Leg., R.S., Ch. 844 (H.B. 2271), Sec. 8, eff. September 1, 2017.