2006 House Bill 6254

Clarify cemetery maintenance fund capital gains rules

Introduced in the House

June 21, 2006

Introduced by Rep. Edward Gaffney (R-1)

To establish new rules for the treatment of capital gains generated by the sale of assets held by the endowed care trust fund that cemeteries are required to maintain to pay of future upkeep of the cemetery. The bill establishes how much of the capital gain must be reinvested and how much may be used for upkeep.

Referred to the Committee on Commerce