VirginiaQualified self-settled spendthrift trusts; disbursements, powers of trustee.
What it does
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.
More detail
The bill also removes redundant language governing the order in which a new qualified trustee may be appointed in the case of a vacancy.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 8Acts of Assembly Chapter text (CHAP0476)Latest
- Apr 8Approved by Governor Abigail Spanberger-Chapter 476 (effective 7/1/2026)Became Law
- Mar 31Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 31Enrolled Bill communicated to Governor on March 31, 2026Minor
- Mar 31Signed by SpeakerMajor
- Mar 30Signed by PresidentMajor
- Mar 30Bill text as passed House and Senate (HB1513ER)Major
- Mar 30EnrolledMinor
- Mar 10Passed Senate Block Vote (40-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Mar 10Read third timeMinor
- Mar 9Passed by for the day Block Vote (Voice Vote)
- Vote recorded Constitutional reading dispensed (on 2nd reading). Result: pass.Upper
- Mar 9Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
- Mar 9Rules suspended
- Mar 5Reported from Courts of Justice (14-Y 0-N)Minor
- Vote recorded Reported from Courts of Justice. Result: pass.Upper
- Feb 18Referred to Committee for Courts of JusticeMinor
- Feb 18Constitutional reading dispensed (on 1st reading)
- Feb 17Read third time and passed House (97-Y 0-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 16Read second time and engrossedMinor
- Feb 13Read first timeMinor
- Feb 11Reported from Courts of Justice (22-Y 0-N)Minor
- Vote recorded Reported from Courts of Justice. Result: pass.Lower
- Feb 9Subcommittee recommends reporting (10-Y 0-N)
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Feb 5Assigned HCJ sub: CivilMinor
- Jan 23Referred to Committee for Courts of JusticeMinor
- Jan 23Presented and ordered printed 26103490DIntroduced