AI Summary

The bill aims to create an exception to the real estate transfer tax for deeds transferring assets to beneficiaries of a trust. It specifies that this exception will be effective from July 1, 2023. This change would likely simplify the process of transferring assets within trusts by exempting such transfers from certain taxes, potentially reducing financial burdens on beneficiaries and encouraging smoother asset distribution in trust arrangements.

Bill Activity

2023-01-25: Introduced, placed on calendar. H.J. 182.
2023-02-02: Passed House, yeas 98, nays 0. H.J. 235.
2023-02-02: Immediate message. H.J. 241.
2023-02-02: Message from House. S.J. 245.
2023-02-02: Read first time, passed on file. S.J. 245.
2023-02-07: Referred to Ways and Means. S.J. 278.
2023-02-08: Subcommittee: Sweeney, Cournoyer, and Quirmbach. S.J. 298.
2023-02-09: Subcommittee Meeting: 02/14/2023 12:30PM Room 217 Conference Room.
2023-02-14: Subcommittee recommends amendment and passage. [].
2023-03-16: Committee report, recommending amendment and passage. S.J. 597.
2023-03-16: Amendment S-3086 filed. S.J. 597.
2023-04-25: Amendment S-3086 adopted. S.J. 952.
2023-04-25: Passed Senate, yeas 49, nays 0. S.J. 952.
2023-04-25: Immediate message. S.J. 953.
2023-04-26: Message from Senate. H.J. 909.
2023-04-26: Senate amendment H-1310 filed. H.J. 913.
2023-05-01: House concurred in Senate amendment H-1310. H.J. 934.
2023-05-01: Passed House, yeas 94, nays 0. H.J. 934.
2023-05-02: Explanation of vote. H.J. 978.
2023-05-03: Explanation of vote. H.J. 1013.
2023-05-03: Explanation of vote. H.J. 1014.
2023-05-01: Immediate message. H.J. 950.
2023-05-02: Message from House. S.J. 1006.
2023-05-09: Reported correctly enrolled, signed by Speaker and President, and sent to Governor. H.J. 1038.
2023-06-01: Signed by Governor. H.J. 1038.