House Bill 155

Actions
Last Action 02/07/20: to Judiciary (S)
Title AN ACT relating to property and trusts.
Bill Documents Current
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)


Last updated: 2/14/2020 1:51 PM (EST)
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