Bill
Bill > H0616
ID H0616
ID H0616Amends existing law to establish provisions regarding filings by certain private foundations and charitable trusts.
summary
Introduced
02/14/2022
02/14/2022
In Committee
03/25/2022
03/25/2022
Crossed Over
03/02/2022
03/02/2022
Passed
03/25/2022
03/25/2022
Dead
Signed/Enacted/Adopted
03/31/2022
03/31/2022
Introduced Session
2022 Regular Session
Bill Summary
CORPORATE FILINGS -- Amends existing law to establish provisions regarding filings by certain private foundations and charitable trusts.
AI Summary
This bill amends existing law to establish provisions regarding filings by certain private foundations and charitable trusts. Specifically, it specifies that private foundations, as defined in the Internal Revenue Code, must comply with certain requirements such as distributing funds, avoiding self-dealing, and limiting business holdings and taxable expenditures. The bill also states that these private foundations and charitable trusts are not required to report any information beyond what is required by this new chapter. Lastly, the bill declares an emergency and states that the act will take effect on July 1, 2022.
Committee Categories
Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Judiciary, Rules and Administration Committee (H)
Last Action
Reported Signed by Governor on March 31, 2022 Session Law Chapter 324 Effective: 07/01/2022 (on 03/31/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2022/legislation/H0616/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0616E1.pdf |
| Amendment H0616A2 | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0616A2.pdf |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0616.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0616SOP.pdf |
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