Loading chat...

FL H0095

Bill

Status

Passed

6/17/2013

Primary Sponsor

Raymond Pilon

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Defines "charitable contribution" as contributions qualifying under federal Internal Revenue Code section 170(c) consisting of financial instruments or cash.

  • Establishes that transfers of charitable contributions received in good faith by qualified religious or charitable entities are not fraudulent transfers, with exceptions for contributions from natural persons within 2 years of insolvency proceedings exceeding 15 percent of gross annual income.

  • Amends sections 213.758, 718.704, and 721.05 to update cross-references to revised definitions of "insider" under section 726.102(7).

  • Modifies timeshare developer definitions and transfer provisions to clarify fraudulent transfer standards and insider transaction restrictions.

  • Takes effect July 1, 2013, and applies to all charitable contributions made on or after that date.

Legislative Description

Charitable Contributions

Last Action

Chapter No. 2013-189

6/17/2013

Committee Referrals

Banking and Insurance4/3/2013
Regulatory Affairs3/11/2013
Finance and Tax Subcommittee2/20/2013
Insurance And Banking Subcommittee1/23/2013

Full Bill Text

No bill text available