HB 1513: Qualified self-settled spendthrift trusts; disbursements, powers of trustee.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Qualified self-settled spendthrift trusts; disbursements; powers of trustee. Provides that a trustee may reimburse a settlor of a trust from the income or principal of such trust for various forms of tax liability in certain circumstances and in accordance with the Internal Revenue Code except as the terms of the trust provide otherwise. The bill also provides that a trustee shall not have the power to make such a reimbursement under certain conditions unless the terms of the trust expressly provide otherwise. The bill also removes redundant language governing the order in which a new qualified trustee may be appointed in the case of a vacancy.

Sponsors

Sponsors by party (alphabetical): Republican 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. April 8, 2026Acts of Assembly Chapter text (CHAP0476)
2. April 8, 2026Approved by Governor-Chapter 476 (effective 7/1/2026)
3. March 31, 2026Governor's Action Deadline 11:59 p.m., April 13, 2026
4. March 31, 2026Enrolled Bill communicated to Governor on March 31, 2026
5. March 31, 2026Signed by Speaker
6. March 30, 2026Signed by President
7. March 30, 2026Bill text as passed House and Senate (HB1513ER)
8. March 30, 2026Enrolled
9. March 10, 2026Passed Senate Block Vote (40-Y 0-N 0-A)
10. March 10, 2026Read third time
11. March 9, 2026Passed by for the day Block Vote (Voice Vote)
12. March 9, 2026Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)

Showing 12 most recent of 24 actions. Full history