Loading chat...
FL H0095
Bill
Status
6/17/2013
Primary Sponsor
Raymond Pilon
Click for details
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