1997 Regular Session

SENATE BILL 508

File Code: Estates and Trusts Crossfiled with: HOUSE BILL 762
Sponsored By:
Senators Baker, Frosh, Kelley, Green, Stone, Jimeno, Hughes, Haines, Forehand, Colburn, Ferguson, and Middlebrooks
Entitled:
Estates - Taxation, Fees, and Procedures

Synopsis:

Altering fees charged for the administration of an estate in probate, for guardianship proceedings, and for administration by a foreign personal representative; establishing net value of an asset rather than gross value as the method of valuation for small estates; eliminating the authority of the Motor Vehicle Administration to transfer specified vehicle titles and of the Coast Guard or State Department of Natural Resources to transfer the certificate of registration for a boat or vessel under specified circumstances; etc.

Legislative History

Senate Action
1/30
First Reading Judicial Proceedings & Budget and Taxation
2/5
Hearing 2/27 at 1:00 p.m.
3/19
Favorable with Amendments Report by Judicial Proceedings
3/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (47-0)
4/6
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
5/22
Governor vetoed - Cross-filed bill was signed
House Action
3/21
First Reading Judiciary
3/24
Hearing 3/25 at 1:00 p.m.
3/31
Favorable with Amendments Report by Judiciary
3/27
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/28
Third Reading Passed with Amendments (129-4)
4/5
House Recede
Third Reading Passed (131-3)
Sponsored by:
Senator Walter M. Baker, District 36
Senator Richard F. Colburn, District 37
Senator Timothy R. Ferguson, District 4
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator Leo E. Green, District 23
Senator Larry E. Haines, District 5
Senator Ralph M. Hughes, District 40
Senator Philip C. Jimeno, District 31
Senator Delores G. Kelley, District 10
Senator C. Edward Middlebrooks, District 32
Senator Norman R. Stone, Jr., District 7
Bill indexed under the following Subjects:
APPRAISALS
BOATS AND SHIPS
ESTATES AND TRUSTS -see also- FIDUCIARIES
FEES -see also- DEVELOPMENT FEES AND TAXES
FORMS
GUARDIANS
INHERITANCE TAX
MOTOR VEHICLES -see also- ABANDONED VEH; OFF-RD. VEH.; TRUCK
MOTOR VEHICLE ADMINISTRATION
NATURAL RESOURCES, DEPARTMENT OF
PERSONAL REPRESENTATIVES
REGISTRATION -see also- MOTOR VEHICLE REGISTRATION
TITLES
Bill affects the following Statutes:
Estates and Trusts
( 2-206 , 2-206 , 5-206 , 5-601 , 5-608 , 7-202 , 7-604 , 8-106 )
Tax - General
( 7-203 , 7-203 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
Senate
Number: 078141/1 (PDF) Offered on: MARCH 20, 1997 at: 09:12 Status: Adopted
House
Number: 121887/1 (PDF) Offered on: MARCH 31, 1997 at: 15:42 Status: Adopted