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2016 SESSION

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SB 346 Family and Children's Trust Fund; exempt from taxation.

Introduced by: Rosalyn R. Dance | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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. This bill is identical to HB 1207.


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