Texas Family Code - Section 154.067. Deemed Income
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§ 154.067. DEEMED INCOME. (a) When appropriate, in order
to determine the net resources available for child support, the
court may assign a reasonable amount of deemed income attributable
to assets that do not currently produce income. The court shall
also consider whether certain property that is not producing income
can be liquidated without an unreasonable financial sacrifice
because of cyclical or other market conditions. If there is no
effective market for the property, the carrying costs of such an
investment, including property taxes and note payments, shall be
offset against the income attributed to the property.
(b) The court may assign a reasonable amount of deemed
income to income-producing assets that a party has voluntarily
transferred or on which earnings have intentionally been reduced.
Added by Acts 1995, 74th Leg., ch. 20, § 1, eff. April 20, 1995.
Section: 154.014 154.061 154.062 154.063 154.064 154.065 154.066 154.067 154.068 154.069 154.070 154.121 154.122 154.123 154.124
Last modified: August 11, 2007
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