LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 14, 2009 TO: Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3767 by Paxton (Relating to property designated as homestead property transferred into an inter vivos trust.), As Introduced No significant fiscal implication to the State is anticipated. The bill would allow a trustee to transfer, by warranty deed, real property designated as a homestead into an inter vivos trust without affecting the homestead designation of the property if the trust settlor is a beneficiary of the trust. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, MN, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 14, 2009
TO: Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3767 by Paxton (Relating to property designated as homestead property transferred into an inter vivos trust.), As Introduced
TO: Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3767 by Paxton (Relating to property designated as homestead property transferred into an inter vivos trust.), As Introduced
Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3767 by Paxton (Relating to property designated as homestead property transferred into an inter vivos trust.), As Introduced
HB3767 by Paxton (Relating to property designated as homestead property transferred into an inter vivos trust.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would allow a trustee to transfer, by warranty deed, real property designated as a homestead into an inter vivos trust without affecting the homestead designation of the property if the trust settlor is a beneficiary of the trust.
The bill would allow a trustee to transfer, by warranty deed, real property designated as a homestead into an inter vivos trust without affecting the homestead designation of the property if the trust settlor is a beneficiary of the trust.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, MN, SJS
JOB, MN, SJS