Proposing a constitutional amendment authorizing a court to partition the community property and to characterize future earnings of spouses as separate property on legal separation of the spouses.
Impact
If enacted, HJR54 would amend Section 15 of Article XVI of the Texas Constitution, significantly altering how community property is handled in legal separations. The proposal emphasizes the idea that both existing and future property can be distinctly classified, allowing for greater protection of a spouse's financial interests. This change is expected to streamline court procedures regarding property division during separations, potentially lessening disputes between parties over asset allocation and income designations.
Summary
HJR54 proposes a constitutional amendment concerning the treatment of community property and spousal earnings in the event of legal separation. Specifically, the amendment allows courts to permanently partition community property, defining future earnings of each spouse as separate property. This measure aims to provide clarity and protections regarding the property rights of spouses during separation, which is often a contentious issue. By enabling courts to allocate future income as separate, the resolution hopes to establish a more equitable distribution of properties and earnings during legal separations.
Sentiment
The sentiment surrounding HJR54 is generally supportive among those advocating for clear property rights within marriages, viewing it as a necessary reform to protect individual interests during separations. However, there are concerns from some legislators about the potential implications this bill might have on traditional concepts of marriage and community property. Critics warn that it could lead to a more adversarial approach to separation, as spouses may be incentivized to partition assets to safeguard their own interests over communal ones.
Contention
A notable point of contention regarding HJR54 revolves around the balance of power between spouses and the potential for one party to unfairly benefit from the partitioning of property and earnings. Opponents of the amendment express concerns that it may encourage separation-driven asset divisions, which could undermine the spirit of cooperation typically necessary during marital dissolutions. The risks of inequity and potential misuse of the partitioning provisions highlight challenges in ensuring that the amendment serves to protect both parties equally during legal separations.
Proposing a constitutional amendment authorizing the legislature to provide for exceptions to the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
Proposing a constitutional amendment authorizing the legislature to legalize wagering in this state on certain sporting events and requiring the legislature to dedicate to property tax relief at least 98 percent of the net state tax revenue generated from the wagering on sporting events.
Proposing a constitutional amendment to require that future constitutional amendments become effective only if approved by a majority of the voters in at least three-fourths of the counties of the state.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of commercial property and rental property for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of commercial property and rental property for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of commercial property and rental property for ad valorem taxation.