Indiana legislation · 2025 Regular Session
Indiana HB1081: Distributions to charitable beneficiaries.
Status: Chaptered, May 6, 2025
Distributions to charitable beneficiaries. Provides that an applicant for a certificate of death has a direct interest in a certificate of death if the applicant is a beneficiary of the deceased's individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy. Provides that if a charitable organization is designated as the beneficiary of an individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy, a financial institution or insurance company in control of the funds must transfer the funds directly to the charitable organization without requiring certain conditions to be satisfied, if the: (1) charitable organization submits a certain affidavit.
Sponsors
- Ethan Manning (R, HD-023) · primary sponsor
- Jake Teshka (R, HD-007)
- Kyle Pierce (R, HD-036)
- Mike Andrade (D, HD-012)
- Scott Baldwin (R, SD-020)
- Lonnie Randolph (D, SD-002)
Votes
- Senate - Conference Committee Report 1 (April 23, 2025): 47 yea, 0 nay, passed
- House - Rules Suspended. Conference Committee Report 1 (April 22, 2025): 91 yea, 0 nay, passed
- Senate - Third reading (April 1, 2025): 49 yea, 0 nay, passed
- House - Third reading (January 28, 2025): 91 yea, 0 nay, passed
Common questions
- What is HB1081?
- HB1081 is a bill in the Indiana Legislature (2025 Regular Session): Distributions to charitable beneficiaries.
- What does HB1081 do?
- Distributions to charitable beneficiaries. Provides that an applicant for a certificate of death has a direct interest in a certificate of death if the applicant is a beneficiary of the deceased's individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy. Provides that if a charitable organization is designated as the beneficiary of an individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy, a financial institution or insurance company in control of the funds must transfer the funds directly to the charitable organization without requiring certain conditions to be satisfied, if the: (1) charitable organization submits a certain affidavit.