By:  Carriker                                           S.B. No. 17
       72S20088 DAK-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the exemption of property in this state from the
    1-3  satisfaction of another state's judgment for unpaid income taxes on
    1-4  certain retirement benefits.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Subtitle A, Title 5, Property Code, is amended by
    1-7  adding Chapter 44 to read as follows:
    1-8     CHAPTER 44.  TAXATION OF RETIREMENT BENEFITS BY ANOTHER STATE
    1-9        Sec. 44.001.  PROPERTY EXEMPT.  All property in this state is
   1-10  exempt from attachment, execution, and seizure for the satisfaction
   1-11  of a judgment in favor of another state for failure to pay that
   1-12  state's income tax on benefits received from a pension or other
   1-13  retirement plan.
   1-14        SECTION 2.  This Act applies to the attachment, execution,
   1-15  and seizure of property to satisfy a judgment without regard to
   1-16  whether the judgment was entered before, on, or after the effective
   1-17  date of this Act.
   1-18        SECTION 3.  The importance of this legislation and the
   1-19  crowded condition of the calendars in both houses create an
   1-20  emergency and an imperative public necessity that the
   1-21  constitutional rule requiring bills to be read on three several
   1-22  days in each house be suspended, and this rule is hereby suspended,
   1-23  and that this Act take effect and be in force from and after its
   1-24  passage, and it is so enacted.