Tex. Est. Code § 124.008 · Subchapter A. APPORTIONMENT OF TAXES
EXCLUSION OF CERTAIN TEMPORARY INTERESTS FROM APPORTIONMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Section 124.009(c), the following temporary interests are not subject to apportionment:
(1) an interest in income;
(2) an estate for years or for life; or
(3) another temporary interest in any property or fund.
(b) The estate tax apportionable to a temporary interest described by Subsection (a) and the remainder, if any, is chargeable against the corpus of the property or the funds that are subject to the temporary interest and remainder.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 680, Sec. 1, eff. January 1, 2014.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/ES/htm/ES.124.htm
- Text hash
- sha256 cfa5bcf60b86e8be8812ffdca8716589e107a4ea8cdca8f73fda89f8b708eb06
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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