Inter vivos QTIP trusts; if established by donor spouse not to be included in estate. (SB1072)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Inter vivos QTIP trusts. Provides that the donor spouse who establishes for his spouse a QTIP (qualified terminable interest property) trust, which effectively gives the donee spouse a life estate in the trust property, or an inter vivos power of appointment marital deduction trust shall not have the trust property included in the donor spouse's estate for estate tax purposes. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11102923D |
01/11/2011 | Referred to Committee for Courts of Justice |
01/13/2011 | Assigned Courts sub: Civil |
02/07/2011 | Reported from Courts of Justice (13-Y 0-N) (see vote tally) |
02/08/2011 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/08/2011 | Read second time and engrossed |
02/08/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/08/2011 | Passed Senate (40-Y 0-N) (see vote tally) |
02/09/2011 | Placed on Calendar |
02/09/2011 | Read first time |
02/09/2011 | Referred to Committee for Courts of Justice |
02/10/2011 | Assigned Courts sub: #2 Civil |
02/16/2011 | Subcommittee recommends reporting (10-Y 0-N) |
02/21/2011 | Reported from Courts of Justice (22-Y 0-N) (see vote tally) |
02/23/2011 | Read second time |
02/24/2011 | Read third time |
02/24/2011 | Passed House BLOCK VOTE (98-Y 0-N) |
02/24/2011 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/24/2011 | Reconsideration of House passage agreed to by House |
02/24/2011 | Passed House BLOCK VOTE (99-Y 0-N) |
02/24/2011 | VOTE: PASSAGE #2 (99-Y 0-N) (see vote tally) |
03/03/2011 | Enrolled |
03/03/2011 | Bill text as passed Senate and House (SB1072ER) |
03/03/2011 | Signed by Speaker |
03/06/2011 | Signed by President |
03/22/2011 | G Approved by Governor-Chapter 354 (effective 7/1/11) |
03/22/2011 | G Acts of Assembly Chapter text (CHAP0354) |