Legislature(2015 - 2016)CAPITOL 106
03/15/2016 08:00 AM House STATE AFFAIRS
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| Audio | Topic |
|---|---|
| Start | |
| HB273 | |
| HB229 | |
| HB162 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| += | HB 273 | TELECONFERENCED | |
| += | HB 229 | TELECONFERENCED | |
| += | HCR 15 | TELECONFERENCED | |
| *+ | HB 162 | TELECONFERENCED | |
| + | TELECONFERENCED |
HB 273-VEHICLES: TRANSFER ON DEATH TITLE
8:04:56 AM
CHAIR LYNN announced that the first order of business would be
HOUSE BILL NO. 273, "An Act relating to the transfer of the
title to a vehicle, including certain manufactured homes and
trailers, on the death of the owner; and providing for an
effective date."
8:05:08 AM
REPRESENTATIVE KELLER moved to adopt the proposed committee
substitute (CS) for HB 273, Version 29-LS0322\I, Bannister,
3/10/16, as a work draft. There being no objection, Version I
was before the committee.
8:05:29 AM
DENEEN TUCK, Staff, Representative Bob Lynn, Alaska State
Legislature, presented HB 273 on behalf of the House State
Affairs Standing Committee, on which Representative Lynn serves
as chair. She stated that the Version I has conforming language
pursuant to Alaska's Uniform Rules relating to real property
transfer on death, under AS 13.48.010. She added that the
language in the proposed legislation was changed to be
consistent with all Alaska transfer on death statutes, as a
result of discussions with Beth Chapman, a probate attorney.
Ms. Tuck listed the changes as follows: the title was changed
to reflect the language of the statute; a new Section 2 was
added; the old Section 2 was renamed Section 3; page 3, line 25
through page 4, line 10, reflects the new conforming language
consistent with transfer on death statutes; and lines 5-7 on
page 4 of the original bill version, previously under subsection
(l), are now lines 29-31 on page 4 of Version I, under
subsection (o).
REPRESENTATIVE KELLER advised that Terry Bannister from
Legislative Legal and Research Services, and Nicole Tham from
the Division of Motor Vehicles (DMV), are on line for questions.
8:08:40 AM
MS. TUCK explained that the proposed legislation would carry
forth the concept of transfer on death by enabling Alaskans to
plan their estates without the time, difficulty, and expense of
a probate. She indicated that HB 273 would add the transfer of
a vehicle to the other transfer on death provisions in Title
XIII - namely, the transfer of bank accounts, brokerage
accounts, and real estate. Ms. Tuck asserted that the transfer
on death deed (TODD) process is simple and has been successful.
She also mentioned that Ms. Chapman assisted with clarifying
language in the current bill to address litigation concerns.
She went on to say that there were 35 states with similar
legislation. Ms. Tuck added that the proposed legislation was
drafted through the work of Representative Gruenberg and the
DMV. She stated that watercraft and snow machines would not be
included under the proposed legislation, but motorcycles would
be included.
8:13:06 AM
CHAIR LYNN, after ascertaining that no one else wished to
testify, closed public testimony on HB 273.
8:13:37 AM
REPRESENTATIVE KELLER moved to report CSHB 273, Version 29-
LS0322\I, Bannister, 3/10/16, out of committee with individual
recommendations and the accompanying fiscal notes. There being
no objection, CSHB 273(STA) was reported out of the House State
Affairs Standing Committee.