LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6543 NOTE PREPARED: Feb 22, 2024
BILL NUMBER: HB 1209 BILL AMENDED: Jan 29, 2024
SUBJECT: Rule Against Perpetuities.
FIRST AUTHOR: Rep. Heine BILL STATUS: CR Adopted - 2
nd
House
FIRST SPONSOR: Sen. Brown L
FUNDS AFFECTED: GENERAL IMPACT: No Fiscal Impact
DEDICATED
FEDERAL
Summary of Legislation: This bill adds provisions regarding a second power of appointment. It extends the
period of time for which certain nonvested property interests are valid from 90 years to 360 years after the
interest is created. It extends the period of time for which certain powers of appointment are valid under
specified conditions from 90 years to 360 years. It also makes conforming changes.
Effective Date: July 1, 2024.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Corrin Harvey, 317-234-9438.
HB 1209 1