690
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OFFICE OF THE ATTORNEY GENERAL OF TEXAS
AUSTIN
Bonorabls 0. PI Loewt, chairma
Board of IlisUranOd COrmdsdW~3I-#
AuBfin, Texas
Dear 8ir1 Opinion x0
deoided July 8, 1943.
‘+ l l . The foot that it is oslled
a *mortuary tuui' instea d oi 8 R e ser ve
nu x l is o f no c o n0eq ueume. l 9 l*
.+..tl . If it Is irre?wably dedlcat-
& faP%lm use curdproteotlon of the poliay
holders, f t iB not in00mC oi the COlnpw.
l l a .8
691
lkmorsble 0. ?* Lockhsrt, Chairman - paLa t
l* l 0. SlnOe the reserveis held
?o r the polio7 holderr sad aot for the
aa-, Gongrem hu not taxed tht8
reserve M inc o me to th e Qo mp a n7.l l l.
.
The Tsaas Le@slature bna of the efforts bang
made Iv7lederal remnne agents to tu these fads. fn Na7,
1943, it enaoteldthe follovingr
'seotionl, An7 oonrparv l l l mq Qa7
from the mrtuq or relief iunds l b l an7
tICSeathat ma7 bee 0 l rW@rsd* l *be-
oause of income to 8uch fuxb6s.e
‘sectloll8. The Srct that there oom-
panib l 0 l a r e tbrerrtcned
with taxer on
th e ir mortuaq funds 0 l 0 oreates M mea --
g tUlO7.*4 *“. Chapter 386, Acts
of tho (8th
LogielatzarebArtiole~0~8-8,leavm~r A.C.8.
This Act, of ccurse mere17 permits tbe UIO of
mortuary funda in payment of lnoom taxer that are l r ep u ir ed
to bo paid.. It is not intended to relax the imiolabilit7
of suoh funda for au7 other purpose. See our Opinionlo.
O-WC0
Ter7tmll77ours
:'RST ASSISTANT
Elb0rt ROOpw
AsSi8fanf
XII-NR
~oloeure