Florida House Bill 823 (Prior Session Legislation)

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Spectrum:
Status: Introduced on November 30 2011 - 25% progression, died in chamber
Action: 2012-03-06 - Laid on Table, companion bill(s) passed, see CS/SB 1050 (Ch.
Text: Latest bill text (Comm Sub) [PDF]

Defines term "carrying value"; provides application; deletes provision authorizing trustee to release power to adjust between principal & income if trustee desires to convert form of certain trusts; limits power to adjust trust; deletes provision that provides construction & application relating to administration of trusts in this state or under this state's law; defines term "average fair market value" & revises term "unitrust amount"; deletes duplicative provision relating to conclusive determinations of terms of unitrust; revises provisions relating to express total return unitrust; substitutes term "trustee" for "fiduciary" with respect to judicial control of discretionary powers; revises provisions relating to determination & distribution of net income; revises provisions relating to distributions to residuary & remainder beneficiaries; substitutes term "fiduciary" for "trustee" to clarify that provisions apply to all fiduciaries; revises how distributions from entities are allocated between income & principal; revises provisions relating to allocations to trusts; revises provisions relating to allocation between income & principal when liquidating assets; clarifies apportionment of expenses between tenants & remaindermen.

Florida Uniform Principal and Income Act

Rep. Mackenson Bernard [D]

House Civil Justice Subcommittee

Rep. Charles McBurney [R]

Date	Chamber	Action
2012-03-06		Laid on Table, companion bill(s) passed, see CS/SB 1050 (Ch.
2012-02-08		Placed on Calendar -HJ 549
2012-02-08		Favorable by- Judiciary Committee; YEAS 14 NAYS 0 -HJ 549
2012-02-06		On Committee agenda-- Judiciary Committee, 02/08/12, 8:30 am, 404 HOB
2012-01-26		Now in Judiciary Committee -HJ 299
2012-01-24		Favorable by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 299
2012-01-20		On Committee agenda-- Insurance and Banking Subcommittee, 01/24/12, 2:00 pm, 404 HOB
2012-01-20		Now in Insurance and Banking Subcommittee -HJ 247
2012-01-19		CS by Civil Justice Subcommittee read 1st time -HJ 233
2012-01-19		Pending review of CS under Rule 7.19(c)
2012-01-11		CS by Civil Justice Subcommittee; YEAS 14 NAYS 0 -HJ 238
2012-01-10		Introduced -HJ 81
2012-01-09		PCS on Committee agenda-- Civil Justice Subcommittee, 01/11/12, 11:30 am, 404 HOB
2011-12-12		Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 81
2011-11-30		Filed

Chapter	Article	Section	Citation Type	Statute Text
738	102		Amended Code	See Bill Text
738	103		Amended Code	See Bill Text
738	104		Amended Code	See Bill Text
738	1041		Amended Code	See Bill Text
738	105		Amended Code	See Bill Text
738	201		Amended Code	See Bill Text
738	202		Amended Code	See Bill Text
738	301		Amended Code	See Bill Text
738	302		Amended Code	See Bill Text
738	303		Amended Code	See Bill Text
738	401		Amended Code	See Bill Text
738	402		Amended Code	See Bill Text
738	403		Amended Code	See Bill Text
738	501		Amended Code	See Bill Text
738	502		Amended Code	See Bill Text
738	503		Amended Code	See Bill Text
738	504		Amended Code	See Bill Text
738	601		Amended Code	See Bill Text
738	602		Amended Code	See Bill Text
738	603		Amended Code	See Bill Text
738	604		Amended Code	See Bill Text
738	605		Amended Code	See Bill Text
738	606		Amended Code	See Bill Text
738	607		Amended Code	See Bill Text
738	608		Amended Code	See Bill Text
738	701		Amended Code	See Bill Text
738	702		Amended Code	See Bill Text
738	703		Amended Code	See Bill Text
738	704		Amended Code	See Bill Text
738	705		Amended Code	See Bill Text
738	801		Amended Code	See Bill Text
738	804		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/823
Text	http://www.flsenate.gov/Session/Bill/2012/0823/BillText/Filed/HTML
Text	http://www.flsenate.gov/Session/Bill/2012/0823/BillText/c1/PDF