Family and Children's Trust Fund; exempt from taxation. (SB346)

Introduced By

Sen. Roz Dance (D-Petersburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


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

Duplicate Bills

The following bills are identical to this one: HB1207.