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HB 0772 - Estates and Trusts - Maryland Uniform Principal and Income Act - Certain Payments to and from Trusts
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Tracking Level: No Position
Sponsor: Delegate Waldstreicher
Last Action: 5/2/2012 - Approved by the Governor - - Chapter 302
House Committee: House Committee on Judiciary
Senate Committee: Senate Committee on Judicial Proceedings
Assigned To:
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Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-HB 772
2012 Regular Session

HOUSE BILL 772

File Code: Estates and Trusts Crossfiled with: SENATE BILL 787
Sponsored By:
Delegate Waldstreicher
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.
House Action
2/9
First Reading Judiciary
Hearing 3/7 at 1:00 p.m.
3/22

Favorable with Amendments Report by Judiciary
3/19
Favorable with Amendments {982315/1 Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (130-0)
4/3
Returned Passed
Senate Action
3/22
First Reading Judicial Proceedings
4/2
Favorable Report by Judicial Proceedings
3/27
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (47-0)
Action after passage in House and Senate
5/2
Approved by the Governor
- Chapter 302

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:
House
Number: 982315/01     Offered on: March 22, 2012   at: 8:38 p.m.     Status: Adopted
Committee Votes :
House
Judiciary
Senate
Judicial Proceedings
Roll Call Votes (Legislative dates are shown):
House
March 21, 2012: Third Reading Passed (130-0)
Senate
April 1, 2012: Third Reading Passed (47-0)