BILL ANALYSIS
By: Goodman
Juvenile Justice & Family Issues
BACKGROUND AND PURPOSE
Currently, in a decree of divorce or annulment, the court must order a division of the estate of the parties in a manner that the court deems just and right, having due regard for the rights of each party and any children of the marriage. As prescribed in Chapter 7 of the Family Code, there are a number of different types of property that may be divided and disposed of in a divorce or annulment.
House Bill 203 simply adds the consideration of taxes to the list of property to be divided and disposed of upon a divorce or annulment.
RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS
SECTION 1. Amends Chapter 7 of the Family Code, by adding Section 7.008 which
authorizes the court to consider taxation of assets, as well as when the
taxes will be required to be paid during a suit for dissolution of a marriage.
SECTION 2. The change in law made by this Act applies to a suit for dissolution of a
marriage pending before a trial court on or filed on or after the effective
date of this Act.
SECTION 3. This Act takes effect September 1, 2005.
EFFECTIVE DATE
September 1, 2005.