HB 857 -- EXEMPTION FROM ATTACHMENT FOR ROTH IRAS

This bill exempts Roth IRAs from attachment and execution except
for the payment of child support and maintenance.

HB 857 -- EXEMPTION FROM ATTACHMENT FOR ROTH IRAS (Monaco)

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.

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

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.