HOUSE BILL 449

Sponsored By:

Delegate Carter

Entitled:

Estates and Trusts - Construction of References in Will or Trust to Federal Estate Tax or Generation-Skipping Transfer Tax

Synopsis:

Establishing that specified provisions in a will or trust of a decedent who dies after December 31, 2009, and before January 1, 2011, shall be deemed to refer to the federal estate tax or generation-skipping tax laws on December 31, 2009; providing for the application and construction of specified provisions of the Act; authorizing a personal representative or interested person to bring a proceeding to construe specified provisions in a will or other instrument; etc.

History by Legislative and Calendar Date

House Action

1/29

First Reading Judiciary

Hearing 2/17 at 1:00 p.m.

2/22

Favorable Report by Judiciary

2/23

Favorable Report Adopted

Second Reading Passed

2/25

Third Reading Passed (137-0)

3/30

Returned Passed

Senate Action

2/26

First Reading Judicial Proceedings

4/2

Favorable Report by Judicial Proceedings

3/31

Favorable Report Adopted

Second Reading Passed

4/1

Third Reading Passed (47-0)

Action after passage in House and Senate

5/20

Vetoed by the Governor (Duplicative)

Bill indexed under the following Subjects:

Estates and Trusts

Exemptions

Federal Government

Personal Representatives

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Tax Credits -see also- Circuit Breaker

Transfer Tax

Bill affects the following Statute:

Estates and Trusts

( 11-110 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Judiciary

Senate

Judicial Proceedings

Roll Call Votes (Legislative dates are shown):

House

February 25, 2010: Third Reading Passed (137-0)

Senate

April 1, 2010: Third Reading Passed (47-0)