HB1513
Qualified self-settled spendthrift trusts; disbursements, powers of trustee.
Status:
Passed
Latest Action:
March 10, 2026
Senate: Passed Senate Block Vote (40-Y 0-N 0-A)
Chief Patron:
Jay Leftwich (R)
Session:
2026 Regular Session
Summary
As Introduced. 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 ... (More) a trustee shall not have the power to make such a reimbursement under certain conditions unless the terms of the trust expressly provide otherwise. The bill also removes redundant language governing the order in which a new qualified trustee may be appointed in the case of a vacancy. (Less)-
Bill History
- 01/23/2026 - House: Presented and ordered printed 26103490D
- 01/23/2026 - House: Referred to Committee for Courts of Justice
- 02/05/2026 - House: Assigned HCJ sub: Civil
- 02/05/2026 - House: Placed on Courts of Justice Agenda
- 02/09/2026 - House: Subcommittee recommends reporting (10-Y 0-N)
- 02/10/2026 - House: Placed on Courts of Justice Agenda
- 02/11/2026 - House: Reported from Courts of Justice (22-Y 0-N)
- 02/13/2026 - House: Read first time
- 02/16/2026 - House: Read second time and engrossed
- 02/17/2026 - House: Read third time and passed House (97-Y 0-N 0-A)
- 02/18/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/18/2026 - Senate: Referred to Committee for Courts of Justice
- 03/05/2026 - Senate: Reported from Courts of Justice (14-Y 0-N)
- 03/09/2026 - Senate: Rules suspended
- 03/09/2026 - Senate: Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
- 03/09/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 03/10/2026 - Senate: Read third time
- 03/10/2026 - Senate: Passed Senate Block Vote (40-Y 0-N 0-A)
