Family and Children's Trust Fund; exempt from taxation. (HB1207)
Introduced By
Del. Chris Peace (R-Mechanicsville) with support from co-patron Del. Paul Krizek (D-Alexandria)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Family and Children's Trust Fund; exempt from taxation. Clarifies that the Family and Children's Trust Fund performs an essential governmental function and thus gifts, contributions, grants, devises, or bequests, whether personal or real property, and the income therefrom, accepted by the Trust Fund are exempt from all state and local taxes and regarded as the property of the Commonwealth for the purposes of all tax laws. Read the Bill »
Status
04/01/2016: signed by governor
History
Date | Action |
---|---|
01/18/2016 | Committee |
01/18/2016 | Presented and ordered printed 16103440D |
01/18/2016 | Referred to Committee on Finance |
01/23/2016 | Impact statement from TAX (HB1207) |
02/02/2016 | Assigned to sub: Subcommittee #2 |
02/02/2016 | Assigned Finance sub: Subcommittee #2 |
02/03/2016 | Subcommittee recommends reporting (6-Y 0-N) |
02/08/2016 | Reported from Finance (22-Y 0-N) (see vote tally) |
02/09/2016 | Read first time |
02/10/2016 | Read second time and engrossed |
02/11/2016 | Read third time and passed House BLOCK VOTE (97-Y 0-N) |
02/11/2016 | VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally) |
02/12/2016 | Constitutional reading dispensed |
02/12/2016 | Referred to Committee on Finance |
02/16/2016 | Impact statement from TAX (HB1207) |
03/02/2016 | Reported from Finance (15-Y 0-N) (see vote tally) |
03/03/2016 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
03/03/2016 | Read third time |
03/03/2016 | Passed Senate (40-Y 0-N) (see vote tally) |
03/07/2016 | Enrolled |
03/07/2016 | Bill text as passed House and Senate (HB1207ER) |
03/07/2016 | Impact statement from TAX (HB1207ER) |
03/07/2016 | Signed by Speaker |
03/09/2016 | G Governor's Action Deadline Midnight, Monday, April 11, 2016 |
03/09/2016 | Signed by President |
03/09/2016 | Enrolled Bill communicated to Governor on 3/9/2016 |
03/09/2016 | G Governor's Action Deadline Midnight, Sunday, April 10, 2016 |
04/01/2016 | G Approved by Governor-Chapter 627 (effective 7/1/16) |
04/01/2016 | G Acts of Assembly Chapter text (CHAP0627) |