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Minutes for HB2197 - Committee on Financial Institutions and Pensions
Short Title
Providing a procedure for the distribution of a first-time home buyer savings account balance upon the death of an account holder, changing the term "transfer on death" to "payable on death" and resolving a conflict when beneficiaries differ on a financial institution's account records and tax forms required by the secretary of revenue.
Minutes Content for Wed, Feb 15, 2023
Chair Hoheisel called for discussion and final action on HB 2197, recognized David Wiese, Senior Assistant Revisor, Office of Revisor of Statutes, who provided a review of HB 2197.
Chair Hoheisel announced a balloon amendment on HB 2197 and requested David Wiese, Senior Assistant Revisor to explain the Blew amendment. (Attachment2)
Representative Tory Blew moved to adopt the amendment, seconded by Representative Laura Williams. The motion passed on a voice vote.
Representative Tory Blew made a motion to favorably pass HB 2197 as amended. The motion was seconded by Representative Bill Clifford and passed on a voice vote.
Point of Personal Privilege - Chair Hoheisel recognized Vice Chair, Representative Bill Clifford who introduced David and Brody, who are participating in the "PAGE" program today.
