WA People
BILL · 2001–02 SESSION · LATEST VERSION SSB 6267

SB 6267: Principal and income act

Revising the principal and income act.

Summary

  • $ Updates, clarifies, and provides new rules for the treatment of trust property under the Washington Principal and Income Act.
  • $ Sets rules for the distribution of estate income earned during probate as among trusts and other persons who are to receive property from the estate.
  • $ Sets rules for allocating property in a trust between income beneficiaries and remainder beneficiaries when an income interest in the trust begins.
  • $ Sets rules for the distribution and allocation of trust receipts and disbursements between principal and income.

From the Substitute House Bill Analysis (SSB 6267), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 345, Laws of 2002
  1. IntroducedJan 14, 2002
  2. Out of committeeFeb 6, 2002
  3. Passed SenateFeb 13, 2002
  4. Passed HouseMar 6, 2002
  5. GovernorApr 3, 2002
  6. LawApr 3, 2002
Prime sponsor
Stephen Johnson (R-47)
Introduced
January 14, 2002 in the Senate
Last action
April 3, 2002
Session law
Chapter 345, Laws of 2002
Versions
SB 6267, SSB 6267

AN ACT Relating to the principal and income act;

Sponsors

Prime sponsor: Stephen Johnson (R-47)

1 co-sponsor (1 Democrat, 0 Republicans)

Adam Kline D-37

Votes

Senate · 3rd Reading & Final Passage

Passed February 13, 2002
Version voted on: SSB 6267
47 Yea 0 Nay 1 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat24010
Republican23001
How each member voted

Yea (47)

Absent (1)

Excused (1)

Permalink to this vote

House · Final Passage

Passed March 6, 2002
Version voted on: SSB 6267
93 Yea 0 Nay 0 Absent 5 Excused
PartyYeaNayAbsentExcused
Democrat48002
Republican45003
How each member voted

Yea (93)

Permalink to this vote

History

  1. Effective date 6/13/2002. (SSB 6267)
  2. Chapter 345, 2002 Laws. (SSB 6267)
  3. Governor signed. (SSB 6267)
  4. Delivered to Governor. (SSB 6267)
  5. Speaker signed. (SSB 6267)
  6. President signed. (SSB 6267)
  7. Third reading, passed; yeas, 93; nays, 0; absent, 0; excused, 5. (SSB 6267)
  8. Rules suspended. Placed on Third Reading. (SSB 6267)
  9. Committee amendment not adopted. (SSB 6267)
  10. Placed on second reading by Rules Committee. (SSB 6267)
  11. Passed to Rules Committee for second reading. (SSB 6267)
  12. JUDI - Majority; do pass with amendment(s). (SSB 6267)
  13. JUDI - Executive action taken by committee. (SSB 6267)
  14. First reading, referred to Judiciary. (SSB 6267)
  15. Third reading, passed; yeas, 47; nays, 0; absent, 1; excused, 1. (SSB 6267)
  16. Rules suspended. Placed on Third Reading. (SSB 6267)
  17. 1st substitute bill substituted. (SSB 6267)
  18. 1st substitute bill substituted.
  19. Placed on second reading by Rules Committee. (SSB 6267)
  20. Placed on second reading by Rules Committee.
  21. Made eligible to be placed on second reading. (SSB 6267)
  22. Made eligible to be placed on second reading.
  23. Passed to Rules Committee for second reading. (SSB 6267)
  24. JUD - Majority; 1st substitute bill be substituted, do pass. (SSB 6267)
  25. JUD - Majority; 1st substitute bill be substituted, do pass.
  26. Passed to Rules Committee for second reading.
  27. First reading, referred to Judiciary.
  28. Prefiled for introduction.

SB 6267 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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