SB0023

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Estates - Closing - Statement of Compensation and Reporting of Income (Mike Cady Act)

Sponsored by:

Senator Young

Status:

In the Senate - Unfavorable Report by Judicial Proceedings


Synopsis:Requiring a court or a register of wills, after an estate has been closed, to provide to the personal representative of the estate a document stating the amount of compensation received by the personal representative and informing the personal representative that the compensation is income that must be reported to the Internal Revenue Service; requiring a court or register of wills to send a copy of the document to the Internal Revenue Service and the Office of the Comptroller; applying the Act only prospectively; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Young
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): October 1, 2014
Committee(s):
Judicial Proceedings   View Committee Hearing
Broad Subject(s):Estates and Trusts
Narrow Subject(s):Courts -see also- Circuit; Appeals; District; Orphans'; etc.
Estates and Trusts
Income Tax
Notices
Personal Representatives
Registers of Wills
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:54 P.M.