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Minutes for HB2197 - Committee on Financial Institutions and Pensions
Short Title
Providing a procedure for the distribution of a first-time home buyer savings account balance upon the death of an account holder, changing the term "transfer on death" to "payable on death" and resolving a conflict when beneficiaries differ on a financial institution's account records and tax forms required by the secretary of revenue.
Minutes Content for Mon, Feb 6, 2023
Chair Hoheisel opened the hearing on HB 2197, recognized David Wiese, Assistant Revisor, Office of Revisor of Statutes, who provided an overview on HB 2197. (Attachment5) No questions.
Proponent - Chair Hoheisel recognized Kelly VanZwoll, Staff Attorney, Assistant Vice President Government Relations, Kansas Bankers Association, who provided testimony in support of HB 2197, (Attachment6); followed by Brandon Fenton, Public Policy Field Director, Kansas Association of Realtors, (Attachment7). A brief question and answer period followed each conferee.
Neutral - None
Opponent - None
Chair Hoheisel closed the hearing on HB 2197.
