HOUSE BILL 76 |
HOUSE AUTHOR: Solomons et al. |
EFFECTIVE: 09-01-99 |
SENATE SPONSOR: Carona |
House Bill 76 amends the Property Code to exempt assets in or annuity payments from Roth individual retirement accounts (IRAs), which were created by the Taxpayer Relief Act of 1997 and are described in Section 408A of the Internal Revenue Code, from attachment, execution, or seizure for the satisfaction of creditors' claims. The act also exempts qualified rollover contributions to Roth IRAs from such attachment, execution, or seizure.