HB 1081 Indiana House · 2025 Regular Session

Distributions to charitable beneficiaries.

Summary

Provides that an applicant for a certificate of death has a direct interest in a certificate of death if the applicant is a beneficiary of the deceased's individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy. 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: (1) charitable organization submits a certain affidavit.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Apr 2025

Senate Passage

Apr 2025

Signed into Law

May 2025

Introduced Jan 8, 2025 Signed May 6, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

Enrolled House Bill (H) → House Bill (S) · 4 edits

MODERATE

This bill adds a new chapter to the Indiana Code that streamlines how financial institutions transfer funds from deceased individuals to designated charitable organizations. It requires banks and insurance companies to send funds directly to charities when proper documentation is provided, without requiring charities to open accounts or share personal information about their staff.

Scope change

The bill expands the scope of charitable beneficiary protections by creating a new chapter (IC 23-17-25.7) that specifically addresses transfers from retirement accounts, annuities, and life insurance policies to charitable organizations.

REQUIREMENT

Financial institutions must transfer funds directly to charitable organizations upon receipt of specific documentation including tax exemption proof, corporate resolution, IRS Form W-9, and death-related documentation.

Financial institutions are prohibited from requiring charities to open accounts, share employee personal information, or become customers as conditions for receiving transferred funds.

DEFINITION

New definitions for 'charitable organization', 'deceased', and 'financial institution' are established to clarify who qualifies for these protections.

TIMELINE

The new provisions become effective on July 1, 2025, giving financial institutions time to update their procedures.

Floor votes · Senate Apr 1, 2025 · House Jan 28, 2025

How they voted

49–0

Passed · 1 other

Total votes 50

Apr 1, 2025

D Democratic10

10 Yea

100% Yea

R Republican40

39 Yea 1

97% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 6, 2025

Signed into law

Signed by the Governor

executive

Apr 29, 2025

Upper · Passed

Signed by the President of the Senate

upper

Apr 24, 2025

Upper · Passed

Signed by the President Pro Tempore

upper

Apr 23, 2025

Upper · Passed

Conference Committee Report 1: adopted by the Senate; Roll Call 495: yeas 47, nays 0

upper

Apr 23, 2025

Lower · Passed

Signed by the Speaker

lower

Apr 22, 2025

Lower · Passed

Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 517: yeas 91, nays 0

lower

Apr 3, 2025

Introduced

House dissented from Senate amendments

lower

Apr 1, 2025

Upper · Passed

Third reading: passed; Roll Call 322: yeas 49, nays 0

upper

Mar 31, 2025

Upper · Passed

Amendment #3 (Gaskill) prevailed; voice vote

upper

Mar 31, 2025

Upper · Passed

Amendment #1 (Bassler) prevailed; voice vote

upper

Mar 31, 2025

Upper · Passed

Amendment #2 (Bassler) prevailed; voice vote

upper

Mar 13, 2025

Upper · Passed

Committee report: amend do pass, adopted

upper

Jan 28, 2025

Lower · Passed

Third reading: passed; Roll Call 23: yeas 91, nays 0

lower

Jan 21, 2025

Lower · Passed

Committee report: amend do pass, adopted

lower

2 primary · 4 co-sponsors