Relating to noncharitable trusts with business purposes.
Summary
Permits creation of certain noncharitable business purpose trust ] trusts . Provides exemption from statutory rule against perpetuities for certain noncharitable business purpose trust ] trusts if terms of trust expressly ] clearly elect exemption.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2019
Committee Review
May 2019
House Passage
May 2019
Senate Passage
May 2019
Signed into Law
May 2019
Introduced Jan 14, 2019
Signed May 24, 2019
Floor votes · Senate May 16, 2019 · House Apr 18, 2019
How they voted
17–11
Passed · 1 other
Total votes 29
May 16, 2019
D
Democratic18
94% Yea
I
Independent1
100% Nay
R
Republican10
90% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
7
Committee
6
May 24, 2019
Signed into law
Governor signed.
lower
May 20, 2019
Upper · Passed
President signed.
upper
May 17, 2019
Lower · Passed
Speaker signed.
lower
May 16, 2019
Upper · Passed
Third reading. Carried by Prozanski. Passed.
upper
May 14, 2019
Upper · Passed
Recommendation: Do pass the A-Eng. bill.
upper
Apr 23, 2019
Committee
Referred to Judiciary.
upper
Apr 22, 2019
Introduced
First reading. Referred to President's desk.
upper
Apr 18, 2019
Lower · Passed
Third reading. Carried by Fahey. Passed.
lower
Apr 15, 2019
Lower · Passed
Recommendation: Do pass with amendments and be printed A-Engrossed.
lower
Feb 15, 2019
Committee
Referred to Judiciary by order of Speaker.
lower
Feb 15, 2019
Committee
Without recommendation as to passage and be referred to Judiciary.
lower
Jan 18, 2019
Committee
Referred to Revenue.
lower
Jan 14, 2019
Introduced
First reading. Referred to Speaker's desk.
lower
1 primary · 1 co-sponsor
Sponsors
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