Kentucky
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House Bill 155

Actions
Last Action 03/17/20: signed by Governor (Acts ch. 25)
Title AN ACT relating to property and trusts.
Bill Documents Current/Final
Introduced
Bill Request Number 1002
Sponsor C. Massey
Summary of Original Version Create new sections of KRS Chapter 386 to establish the Kentucky Community Property Trust Act; set requirements for creation of community property trusts by spouses; amend KRS 141.019, relating to individual income tax, to provide that adjusted gross income does not include a change in the cost basis of the surviving spouse's share of property owned by a Kentucky community property trust occurring for federal income tax purposes; amend KRS 386.175 to provide that a second trust may be created from an original trust whose terms have been modified; create a new section of KRS Chapter 396 to provide that creditor claims are barred if not presented within 6 months after the appointment of a personal representative or if not presented within 60 days of a personal representative giving actual notice to the creditor; amend KRS 396.011 to require creditor claims to be brought within the earlier of 8 months after the decedent's death or the established time periods.
Index Headings of Original Version Property - Community Property Trust Act, creation of
Taxation - Community Property Trust Act, creation of
Taxation, Income--Individual - Community Property Trust Act, creation of
Taxation, Inheritance and Estate - Community Property Trust Act, creation of
Wills and Estates - Community Property Trust Act, creation of
Wills and Estates - Creditor's claim, time period for
Wills and Estates - Trust, amendment of instrument creating
Banks and Financial Institutions - Community Property Trust Act, creation of
Banks and Financial Institutions - Creditor's claim, time period for
Civil Actions - Community Property Trust Act, creation of
Civil Actions - Creditor's claim, time period for
Civil Actions - Trust, amendment of instrument creating
Short Titles and Popular Names - Community Property Trust Act
Votes Vote History

Actions

Top
12/11/19
  • Prefiled by the sponsor(s).
01/07/20
  • introduced in House
  • to Judiciary (H)
01/10/20
  • posted in committee
01/29/20
  • reported favorably, 1st reading, to Calendar
01/30/20
  • 2nd reading, to Rules
02/03/20
  • posted for passage in the Regular Orders of the Day for Tuesday, February 4, 2020
02/04/20
  • 3rd reading, passed 94-0
02/05/20
  • received in Senate
02/07/20
  • to Judiciary (S)
03/05/20
  • reported favorably, 1st reading, to Consent Calendar
03/06/20
  • 2nd reading, to Rules
03/10/20
  • posted for passage in the Consent Orders of the Day for Wednesday, March 11, 2020
03/11/20
  • 3rd reading, passed 36-0
  • received in House
03/12/20
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/17/20
  • signed by Governor (Acts ch. 25)


Last updated: 10/27/2020 12:10 PM (EDT)
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