SENATE BILL 787

File Code: Estates and Trusts Crossfiled with: HOUSE BILL 772

Sponsored By:

Senator Forehand

Entitled:

Estates and Trusts - Maryland Uniform Principal and Income Act - Certain Payments to and from Trusts

Synopsis:

Establishing requirements concerning allocation of principal and income for a distribution to a marital trust from an individual retirement account, qualified retirement plan account or similar account or plan, or annuity; requiring a trustee of a marital trust to perform specified duties on request of a surviving spouse under specified circumstances; requiring a marital trust to increase receipts payable to a beneficiary under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

Senate Action

2/3

First Reading Judicial Proceedings

2/8

Hearing 3/8 at 1:00 p.m.

3/23

Favorable with Amendments Report by Judicial Proceedings

3/20

Favorable with Amendments {408174/1 Report Adopted

Second Reading Passed with Amendments

3/22

Third Reading Passed (46-0)

4/1

Returned Passed

House Action

3/24

First Reading Judiciary

3/27

Hearing 4/4 at 1:00 p.m.

4/5

Favorable Report by Judiciary

3/31

Favorable Report Adopted

Second Reading Passed

4/1

Third Reading Passed (138-0)

Action after passage in Senate and House

5/2

Approved by the Governor

- Chapter 301

Bill indexed under the following Subjects:

Estates and Trusts

Exemptions

Income Tax

Retirement Systems -see also- Mandatory Retirement

Uniform Laws

Bill affects the following Statutes:

Estates and Trusts

( 15-516 , 15-527 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 408174/01     Offered on: March 23, 2012   at: 11:49 a.m.     Status: Adopted

Committee Votes :

Senate

Judicial Proceedings

House

Judiciary

Roll Call Votes (Legislative dates are shown):

Senate

March 22, 2012: Third Reading Passed (46-0)

House

April 1, 2012: Third Reading Passed (138-0)