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2000 SESSION
HB 527 Property transfers to and from revocable trusts.
Introduced by: William J. Howell | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Property transfers to and from revocable trusts. Exempts transfers of motor vehicles, watercraft and aircraft to revocable trusts from transfer taxes when there is no change in beneficial interest. The bill also exempts from the recordation tax the transfer of real property from the trust after the settlor's death to any beneficiary, as is the case with transfers under a will.
SUMMARY AS INTRODUCED:
Property transfers to and from revocable trusts. Exempts transfers of motor vehicles, watercraft and aircraft to revocable trusts from transfer taxes when there is no change in beneficial interest. The bill also exempts from the recordation tax the transfer of real property from the trust after the settlor's death to any beneficiary, as is the case with transfers under a will.