Loading chat...

FL S0102

Bill

Status

Introduced

12/11/2012

Primary Sponsor

Banking and Insurance

Click for details

Origin

Senate

2013 Regular Session

AI Summary

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

  • Establishes that transfers of charitable contributions received in good faith by qualified religious or charitable organizations are not fraudulent transfers under Florida law.

  • Exempts charitable contributions from being deemed fraudulent unless made within 2 years before bankruptcy or insolvency proceedings, unless the contribution was consistent with prior giving practices or did not exceed 15 percent of the debtor's gross annual income.

  • Updates cross-references in sections 213.758, 718.704, and 721.05 to reflect new subsection numbering in section 726.102 relating to insider and relative definitions.

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

Legislative Description

Charitable Contributions

Last Action

Laid on Table, companion bill(s) passed, see CS/HB 95 (Ch. 2013-189)

4/24/2013

Committee Referrals

Rules4/2/2013
Commerce And Tourism3/18/2013
Banking and Insurance1/4/2013

Full Bill Text

No bill text available