Supplement: TX HB2179 | 2021-2022 | 87th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HB2179 please see the Bill Drafting List
Bill Title: Relating to trusts.
Status: 2021-05-26 - Removed from local & uncontested calendar [HB2179 Detail]
Download: Texas-2021-HB2179-Fiscal_Note_Introduced_.html
Bill Title: Relating to trusts.
Status: 2021-05-26 - Removed from local & uncontested calendar [HB2179 Detail]
Download: Texas-2021-HB2179-Fiscal_Note_Introduced_.html
| TO: |
Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HB2179 by Moody (Relating to trusts.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code to modify conditions under which homestead property may be placed in, or transferred to, a trust for use as a homestead by either the beneficiaries of the trust or the settlors of the trust and still retain homestead protection from creditors.
Based on information provided by the Office of Court Administration, no significant fiscal impact to the state court system is anticipated as a result from implementing the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
| Source Agencies: | 212 Office of Court Admin |
| LBB Staff: | JMc, SLE, MW, BH |
