Sec. 240.057.  TAX QUALIFIED DISCLAIMER.  (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.
Added by Acts 2015, 84th Leg., R.S., Ch. 562 (H.B. 2428), Sec. 15, eff. September 1, 2015.