2003 Regular Session

SENATE BILL 307

CHAPTER NUMBER: 232 File Code: Estates and Trusts Crossfiled with: HOUSE BILL 284
Sponsored By:
Senator Giannetti
Entitled:
Estates - Personal Representatives - Election for Modified Administration

Synopsis:

Providing that a personal representative of an estate may file an election for modified administration of the estate if the residuary legatees and heirs at law of the estate are exempt from an inheritance tax under specified circumstances; and requiring that the trustees of each trust created in a will of a decedent be limited to specified persons in order for a personal representative to file an election for modified administration of an estate under specified circumstances.

History by Legislative Date

Senate Action
1/31
First Reading Judicial Proceedings
Hearing 2/11 at 1:00 p.m.
2/19
Favorable with Amendments Report by Judicial Proceedings
2/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/24
Third Reading Passed (47-0)
3/31
Returned Passed
5/13
Signed by the Governor Chapter 232
House Action
2/25
First Reading Judiciary
3/12
Hearing 3/25 at 1:00 p.m.
3/31
Favorable Report by Judiciary
3/27
Favorable Report Adopted
Second Reading Passed
3/28
Third Reading Passed (133-2)
Bill indexed under the following Subjects:
ESTATES AND TRUSTS
PERSONAL REPRESENTATIVES
Bill affects the following Statute:
Estates and Trusts
( 5-702 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 178674/01 (PDF)     Offered on: February 20, 2003   at: 10:23 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 24, 2003: Third Reading Passed (47-0)
House
March 28, 2003: Third Reading Passed (133-2)