Text: S05167                            Text: S05169
Text: S05100 - S05199                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index



Senate Amendment 5168

Amendment Text

PAG LIN
  1  1    Amend House File 2539, as passed by the House, as
  1  2 follows:
  1  3    #1.  Page 1, by striking lines 14 through 28.
  1  4    #2.  Page 2, line 25, by inserting after the word
  1  5 "disclaimant" the following:  "and may disclaim on
  1  6 behalf of the personal representative's decedent".
  1  7    #3.  Page 9, by striking lines 9 through 23, and
  1  8 inserting the following:
  1  9    "2.  Shall allocate an amount to trust income, not
  1 10 in excess of the annual unitrust payout amount, in the
  1 11 following order:
  1 12    a.  The amount derived from net income, as
  1 13 determined if the trust were other than a total return
  1 14 unitrust.
  1 15    b.  The amount derived from other ordinary income
  1 16 as determined for federal income tax purposes.
  1 17    c.  The amount derived from net realized short-term
  1 18 capital gains as determined for federal income tax
  1 19 purposes.
  1 20    d.  The amount derived from net realized long-term
  1 21 capital gains as determined for federal income tax
  1 22 purposes.
  1 23    e.  The amount derived from trust principal."
  1 24    #4.  Page 11, by striking line 25.
  1 25    #5.  By renumbering as necessary.  
  1 26 
  1 27 
  1 28                               
  1 29 COMMITTEE ON JUDICIARY
  1 30 O. GENE MADDOX, Chairperson
  1 31 HF 2539.702 79
  1 32 rh/cls
     

Text: S05167                            Text: S05169
Text: S05100 - S05199                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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