SB 100 allows trustees to pay a trust-creator's federal income taxes directly to the government or reimburse the creator for those taxes, but only if the trust document doesn't forbid it and the trustee isn't the creator themselves or a close family member. The bill prevents trustees from using life insurance cash values held in the trust to pay these taxes, and it clarifies that paying these taxes won't count the creator as a beneficiary of the trust for tax purposes.
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House of Representatives Do Pass Passed, YEAS 64, NAYS 2. H.J. 459
Judiciary Do Pass Passed, YEAS 11, NAYS 1. H.J. 29
Judiciary Scheduled for hearing
House of Representatives Referred to House Judiciary H.J. 262
First Reading House H.J. 238
Senate Do Pass Passed, YEAS 34, NAYS 0. S.J. 182
Commerce and Energy Certified uncontested, placed on consent S.J. 7
Commerce and Energy Do Pass Passed, YEAS 8, NAYS 0. S.J. 7
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 66
Prime sponsor · Sen
R
Dist. SD-008
Prime sponsor · Rep
R
Dist. HD-018
cosponsor · Sen
R
Dist. SD-019
cosponsor · Rep
R
Dist. HD-005
Do Pass
Do Pass
Do Pass
Do Pass