HB 319 -- CHARITABLE GIFT ANNUITIES

This bill makes every charitable gift annuity issued before
August 28, 1996, a "qualified" charitable gift annuity,
irrespective of the amount of assets or years of continuous
operation required of the organizations issuing such annuities.

HB 319 -- CHARITABLE GIFT ANNUITIES (Fritts)

This bill makes every charitable gift annuity issued before
August 28, 1996, a "qualified" charitable gift annuity,
irrespective of the amount of assets or years of continuous
operation required of the organizations issuing such annuities.

FISCAL NOTE:  No impact on state funds.

HB 319 -- CHARITABLE GIFT ANNUITIES

CO-SPONSORS:  Fritts, Lakin

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Civil and Administrative Law by a vote of 16 to 0.

This bill makes every charitable gift annuity issued before
August 28, 1996, a "qualified" charitable gift annuity,
irrespective of the amount of assets or years of continuous
operation required of the organizations issuing such annuities.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that the bill simply recognizes
certain charitable gift annuities as qualified charitable gift
annuities.

Testifying for the bill were Representative Fritts; and Missouri
Baptist Foundation.

OPPONENTS:  There was no opposition voiced to the committee.

Michael Warrick, Research Analyst

HB 319 -- Charitable Gift Annuities

Sponsor:  Fritts

This bill makes every charitable gift annuity issued before
August 28, 1996, a "qualified" charitable gift annuity,
irrespective of the amount of assets or years of continuous
operation required of the organizations issuing such annuities.