Texas Property Code

§ 240.057 — TAX QUALIFIED DISCLAIMER

PR § 240.057Title 13. DISCLAIMER OF PROPERTY INTERESTS · Ch. 240. TEXAS UNIFORM DISCLAIMER OF PROPERTY INTERESTS ACT · Art. B. TYPE AND EFFECT OF DISCLAIMER

Statute text

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(a)In this section, "Internal Revenue Code" has the meaning assigned by Section 111.004.

(b)Notwithstanding any other provision of this chapter, if, as a result of a disclaimer or transfer, the disclaimed or transferred interest is treated under the Internal Revenue Code as never having been transferred to the disclaimant, the disclaimer or transfer is effective as a disclaimer under this chapter.

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 15, eff. September 1, 2015.