Family and Children's Trust Fund; exempt from taxation. (SB346)
Introduced By
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 »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/11/2016 | Prefiled and ordered printed; offered 01/13/16 16102823D |
01/11/2016 | Referred to Committee on Rehabilitation and Social Services |
01/23/2016 | Impact statement from TAX (SB346) |
01/29/2016 | Reported from Rehabilitation and Social Services (13-Y 1-N) (see vote tally) |
02/01/2016 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/02/2016 | Read second time and engrossed |
02/03/2016 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/05/2016 | Placed on Calendar |
02/05/2016 | Read first time |
02/05/2016 | Referred to Committee on Health, Welfare and Institutions |
02/05/2016 | Impact statement from TAX (SB346) |
02/18/2016 | Reported from Health, Welfare and Institutions (21-Y 0-N) (see vote tally) |
02/19/2016 | Read second time |
02/22/2016 | Read third time |
02/22/2016 | Passed House BLOCK VOTE (100-Y 0-N) |
02/22/2016 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
02/23/2016 | Enrolled |
02/23/2016 | Bill text as passed Senate and House (SB346ER) |
02/23/2016 | Impact statement from TAX (SB346ER) |
02/23/2016 | Signed by President |
02/23/2016 | Signed by Speaker |
02/23/2016 | Enrolled Bill Communicated to Governor on 2/23/16 |
02/23/2016 | G Governor's Action Deadline Midnight, March 1, 2016 |
03/01/2016 | G Approved by Governor-Chapter 110 (effective 7/1/16) |