IN HB1081 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-21 - Committee report: amend do pass, adopted
Text: Latest bill text (Comm Sub) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-21 - Committee report: amend do pass, adopted
Text: Latest bill text (Comm Sub) [PDF]
Summary
Distributions to charitable beneficiaries. Provides that if a charitable organization is designated as the beneficiary of an individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy, a financial institution or insurance company in control of the funds must transfer the funds directly to the charitable organization without requiring certain conditions to be satisfied, if the charitable organization submits a certain affidavit.
Title
Distributions to charitable beneficiaries.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2025-01-21 | House | Committee report: amend do pass, adopted |
2025-01-08 | House | First reading: referred to Committee on Financial Institutions |
2025-01-08 | House | Authored by Representative Manning |