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House Bill 1259


House Bill 1259

ARCHIVE (2009)

Latest Information

 

DIGEST OF INTRODUCED BILL


Uniform principal and income act. Revises the law governing trusts to: (1) provide separate allocation procedures for payments made to a marital trust; and (2) permit the charging of tax payments to principal to the extent that receipts are allocated to principal. Specifies the transitional provisions.
Current Status:
 In Committee - first House
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