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2011 SESSION

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SB 1175 Disabled individuals; taxation of trusts established therefor.

Introduced by: David W. Marsden | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Taxation of trusts established for disabled individuals.  Establishes an individual income tax deduction not to exceed $2,000 for the fair market value of contributions made during the taxable year to certain supplemental needs trusts established for disabled individuals. The bill also would exempt from taxation the income earned by such trusts. The bill would become effective for taxable years beginning on or after January 1, 2011.

FULL TEXT

• 01/12/11  Senate: Prefiled and ordered printed; offered 01/12/11 11103197D  pdf | impact statement
• 01/27/11  Senate: Printed as engrossed 11103197D-E  pdf | impact statement

AMENDMENTS

• Senate amendments
• Senate amendments rejected

HISTORY

• 01/12/11  Senate: Prefiled and ordered printed; offered 01/12/11 11103197D
• 01/12/11  Senate: Referred to Committee on Finance
• 01/25/11  Senate: Reported from Finance with amendments (11-Y 3-N)
• 01/26/11  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/27/11  Senate: Read second time
• 01/27/11  Senate: Reading of amendments waived
• 01/27/11  Senate: Committee amendments #1 and #3 agreed to
• 01/27/11  Senate: Committee amendment #2 rejected
• 01/27/11  Senate: Reading of amendment waived
• 01/27/11  Senate: Amendment by Senator Marsden agreed to
• 01/27/11  Senate: Engrossed by Senate as amended SB1175E
• 01/27/11  Senate: Printed as engrossed 11103197D-E
• 01/28/11  Senate: Passed by for the day
• 01/31/11  Senate: Read third time and passed Senate (36-Y 1-N)
• 02/07/11  House: Placed on Calendar
• 02/07/11  House: Read first time
• 02/07/11  House: Referred to Committee on Finance
• 02/08/11  House: Assigned Finance sub: #1
• 02/10/11  House: Subcommittee recommends reporting (11-Y 0-N)
• 02/10/11  House: Subcommittee recommends referring to Committee on Health, Welfare and Institutions
• 02/14/11  House: Referred from Finance by voice vote
• 02/14/11  House: Referred to Committee on Health, Welfare and Institutions
• 02/15/11  House: Tabled in Health, Welfare and Institutions by voice vote