Legislature(1995 - 1996)
1996-02-07 House Journal
Full Journal pdf1996-02-07 House Journal Page 2660 HB 308 The following was read the second time: HOUSE BILL NO. 308 An Act relating to the Uniform Probate Code, including nonprobate transfers, guardianships, trusts, and multiple-party accounts; relating to the Uniform Simultaneous Death Act; amending Alaska Rule of Probate Procedure 5; and providing for an effective date. 1996-02-07 House Journal Page 2661 HB 308 with the: Journal Page JUD RPT CS(JUD) (NT) 5DP 2NR 2504 ZERO FISCAL NOTE (LAW) 2504 Representative Vezey moved and asked unanimous consent that the following committee substitute be adopted in lieu of the original bill: CS FOR HOUSE BILL NO. 308(JUD) An Act relating to the Uniform Probate Code, including nonprobate transfers, guardianships, trusts, and multiple-party accounts; relating to the Uniform Simultaneous Death Act; and providing for an effective date. There being no objection, it was so ordered. Amendment No. 1 was offered by Representative Finkelstein: Page 14, line 24: Delete "one-third of the augmented estate" Insert "the value of the elective share percentage of the augmented estate, determined by the length of time the spouse and the decedent were married to each other, in accordance with the following schedule: If the decedent and the spouse The elective share were married to each other: percentage is: Less than 1 year supplemental amount only; 1 year but less than 2 years 3 percent of the augmented estate; 2 years but less than 3 years 6 percent of the augmented estate; 3 years but less than 4 years 9 percent of the augmented estate; 4 years but less than 5 years 12 percent of the augmented estate; 5 years but less than 6 years 15 percent of the augmented estate; 6 years but less than 7 years 18 percent of the augmented estate; 7 years but less than 8 years 21 percent of the augmented estate; 8 years but less than 9 years 24 percent of the augmented estate; 9 years but less than 10 years 27 percent of the augmented estate; 10 years but less than 11 years 30 percent of the augmented estate; 11 years but less than 12 years 34 percent of the augmented estate; 12 years but less than 13 years 38 percent of the augmented estate; 13 years but less than 14 years 42 percent of the augmented estate; 14 years but less than 15 years 46 percent of the augmented estate; 15 years or more 50 percent of the augmented estate" 1996-02-07 House Journal Page 2662 HB 308 Page 20, line 24: Delete "two-thirds of the augmented estate" Insert "the applicable percentage for the augmented estate; in this paragraph, the "applicable percentage" means twice the elective share percentage set out in the schedule in AS13.12.202(a) appropriate to the length of time the spouse and the decedent were married to each other" Representative Finkelstein moved and asked unanimous consent that Amendment No. 1 be adopted. Representative Parnell objected. The question being: Shall Amendment No. 1 be adopted? The roll was taken with the following result: CSHB 308(JUD) Second Reading Amendment No. 1 YEAS: 6 NAYS: 28 EXCUSED: 6 ABSENT: 0 Yeas: Brice, Brown, Davies, Elton, Finkelstein, Kubina Nays: Austerman, Bunde, G.Davis, Foster, Green, Grussendorf, Hanley, Ivan, James, Kelly, Kohring, Kott, Martin, Masek, Moses, Mulder, Navarre, Nicholia, Ogan, Parnell, Phillips, Rokeberg, Sanders, Therriault, Toohey, Vezey, Williams, Willis Excused: Barnes, B.Davis, Long, Mackie, Porter, Robinson And so, Amendment No. 1 was not adopted. The Speaker stated that CSHB 308(JUD) will be in third reading on the February 9, 1996, calendar.