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