By:  Carriker, Rosson                                   S.B. No. 17
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the exemption of property in this state from the
    1-2  satisfaction of another state's judgment or claim for unpaid income
    1-3  taxes on certain retirement benefits.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Subtitle A, Title 5, Property Code, is amended by
    1-6  adding Chapter 44 to read as follows:
    1-7     CHAPTER 44.  TAXATION OF RETIREMENT BENEFITS BY ANOTHER STATE
    1-8        Sec. 44.001.  DEFINITION.  In this chapter, "pension or other
    1-9  retirement plan" includes:
   1-10              (1)  an annuity, pension, or profit-sharing or stock
   1-11  bonus or similar plan established to provide retirement benefits
   1-12  for an officer or employee of a public or private employer or for a
   1-13  self-employed individual;
   1-14              (2)  an annuity, pension, or military retirement pay
   1-15  plan or other retirement plan administered by the United States;
   1-16  and
   1-17              (3)  an individual retirement account.
   1-18        Sec. 44.002.  PROPERTY EXEMPT.  All property in this state is
   1-19  exempt from attachment, execution, and seizure for the satisfaction
   1-20  of a judgment or claim in favor of another state or political
   1-21  subdivision of another state for failure to pay that state's or
   1-22  that political subdivision's income tax on benefits received from a
   1-23  pension or other retirement plan.
   1-24        Sec. 44.003.  LIEN NOT CREATED.  A claim or judgment in favor
    2-1  of another state or political subdivision of another state for
    2-2  failure to pay that state's or that political subdivision's income
    2-3  tax on benefits received from a pension or other retirement plan
    2-4  may not be a lien on any property in this state owned by a resident
    2-5  of this state.
    2-6        SECTION 2.  This Act applies to the attachment, execution,
    2-7  and seizure of property to satisfy a judgment without regard to
    2-8  whether the judgment was entered before, on, or after the effective
    2-9  date of this Act.
   2-10        SECTION 3.  The importance of this legislation and the
   2-11  crowded condition of the calendars in both houses create an
   2-12  emergency and an imperative public necessity that the
   2-13  constitutional rule requiring bills to be read on three several
   2-14  days in each house be suspended, and this rule is hereby suspended,
   2-15  and that this Act take effect and be in force from and after its
   2-16  passage, and it is so enacted.