COMMITTEE
HB 857 -- EXEMPTION FROM ATTACHMENT FOR ROTH IRAS
CO-SPONSORS: Monaco, Parker, Gambaro, Alter, Lakin, Akin, Linton
COMMITTEE ACTION: Voted "do pass by consent" by the Committee
on Civil and Administrative Law by a vote of 17 to 0.
This bill exempts Roth IRAs from attachment and execution except
for the payment of child support and maintenance.
FISCAL NOTE: No impact on state funds.
PROPONENTS: Supporters say that this is "clean-up" legislation
to provide Roth IRAs the same exemptions from garnishment,
attachment, and execution that regular IRAs have.
Testifying for the bill was Representative Monaco.
OPPONENTS: There was no opposition voiced to the committee.
Julie Jinkens McNitt, Legislative Analyst
INTRODUCED
HB 857 -- Exemption from Attachment for Roth IRAs
Co-Sponsors: Monaco, Parker, Gambaro, Alter, Lakin, Akin, Linton
This bill exempts Roth IRAs from attachment and execution except
for the payment of child support and maintenance.
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Last Updated September 30, 1999 at 1:27 pm