Sec. 7.008. CONSIDERATION OF TAXES. In ordering the division of the estate of the parties to a suit for dissolution of a marriage, the court may consider:
(1) whether a specific asset will be subject to taxation; and
(2) if the asset will be subject to taxation, when the tax will be required to be paid.
Added by Acts 2005, 79th Leg., Ch. 168 (H.B. 203), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Title 1 - The Marriage Relationship
Subtitle C - Dissolution of Marriage
Chapter 7 - Award of Marital Property
Section 7.001. General Rule of Property Division
Section 7.002. Division and Disposition of Certain Property Under Special Circumstances
Section 7.003. Disposition of Retirement and Employment Benefits and Other Plans
Section 7.004. Disposition of Rights in Insurance
Section 7.005. Insurance Coverage Not Specifically Awarded
Section 7.006. Agreement Incident to Divorce or Annulment
Section 7.007. Disposition of Claim for Reimbursement
Section 7.008. Consideration of Taxes
Section 7.009. Fraud on the Community; Division and Disposition of Reconstituted Estate