Kentucky House Bill 155 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 17 2020 - 100% progression
Action: 2020-03-17 - signed by Governor (Acts ch. 25)
Text: Latest bill text (Engrossed) [PDF]

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.

AN ACT relating to property and trusts.

Rep. Ed Massey [R]

2020-03-11 - Senate - Senate: Third Reading RSN# 1310 (Y: 36 N: 0 NV: 0 Abs: 2) [PASS]
2020-02-04 - House - House: Third Reading RCS# 64 (Y: 94 N: 0 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2020-03-17	House	signed by Governor (Acts ch. 25)
2020-03-12	House	delivered to Governor
2020-03-12	House	enrolled, signed by President of the Senate
2020-03-12	House	enrolled, signed by Speaker of the House
2020-03-11	House	received in House
2020-03-11	Senate	3rd reading, passed 36-0
2020-03-10	Senate	posted for passage in the Consent Orders of the Day for Wednesday, March 11, 2020
2020-03-06	Senate	2nd reading, to Rules
2020-03-05	Senate	reported favorably, 1st reading, to Consent Calendar
2020-02-07	Senate	to Judiciary (S)
2020-02-05	Senate	received in Senate
2020-02-04	House	3rd reading, passed 94-0
2020-02-03	House	posted for passage in the Regular Orders of the Day for Tuesday, February 4, 2020
2020-01-30	House	2nd reading, to Rules
2020-01-29	House	reported favorably, 1st reading, to Calendar
2020-01-10	House	posted in committee
2020-01-07	House	to Judiciary (H)
2020-01-07	House	introduced in House
2019-12-11	House	Prefiled by the sponsor(s).

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/hb155.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb155/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb155/bill.pdf
Roll Call	https://apps.legislature.ky.gov/record/20RS/hb155/vote_history.pdf