Political Quotes

Lloyd Bentsen: “And to the extent that one after the 2 years changes residence within the State, the equity they roll over, as I…”

On the recordOctober 12, 2000
And to the extent that one after the 2 years changes residence within the State, the equity they roll over, as I understand it, would be an exempt item under the State homestead law. Would it be additional equity rolled into the new purchase that would be under the $100,000 cap for 2 years or not?
Said by
Lloyd Bentsen
Texas

Editor's note · Context

Discussing the implications of state homestead law on property equity during a legislative session.

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