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SB15 • 2025

Modifies calculations of the fair market value of simple estate assets by excluding the values of manufactured homes from the asset limits for personal property and including the values of manufactured homes in the assets limits for real property.

Modifies calculations of the fair market value of simple estate assets by excluding the values of manufactured homes from the asset limits for personal property and including the values of manufactured homes in the assets limits for real property.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senator Thatcher, Senator Girod,, Smith DB,, Representative Reschke,
Last action
2025-06-23
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-23 Senate

    Chapter 342, 2025 Laws.

  2. 2025-06-23 Senate

    Effective date, January 1, 2026.

  3. 2025-06-17 Senate

    Governor signed.

  4. 2025-06-11 House

    Speaker signed.

  5. 2025-06-10 Senate

    President signed.

  6. 2025-06-09 Senate

    Senate concurred in House amendments and repassed bill. Ayes, 30.

  7. 2025-06-04 House

    Third reading. Carried by Mannix. Passed. Ayes, 50; Excused, 6--Andersen, Gamba, Levy B, Nguyen D, Nguyen H, Wallan; Excused for Business of the House, 3--Boice, McIntire, Speaker Fahey.

  8. 2025-06-03 House

    Rules suspended. Carried over to June 4, 2025 Calendar.

  9. 2025-06-02 House

    Rules suspended. Carried over to June 3, 2025 Calendar.

  10. 2025-05-29 House

    Second reading.

  11. 2025-05-28 House

    Recommendation: Do pass with amendments and be printed B-Engrossed.

  12. 2025-05-22 House

    Work Session held.

  13. 2025-05-07 House

    Public Hearing held.

  14. 2025-04-10 House

    Referred to Judiciary.

  15. 2025-04-03 Senate

    Third reading. Carried by Thatcher. Passed. Ayes, 28; Excused, 2--Gorsek, Woods.

  16. 2025-04-03 House

    First reading. Referred to Speaker's desk.

  17. 2025-04-02 Senate

    Carried over to 04-03 by unanimous consent.

  18. 2025-04-01 Senate

    Second reading.

  19. 2025-03-31 Senate

    Recommendation: Do pass with amendments. (Printed A-Eng.)

  20. 2025-03-19 Senate

    Work Session held.

  21. 2025-02-24 Senate

    Public Hearing held.

  22. 2025-01-27 Senate

    Public Hearing held.

  23. 2025-01-17 Senate

    Referred to Judiciary.

  24. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

<b>Digest: The Act changes how to calculate the fair market values of assets for some estates. (Flesch Readability Score: 67.5).</b>
[<i>Digest: The Act expands the list of estates that can use the simple estate process and changes how the values of those estates are added up. The Act also keeps the current probate filing fees for the new type of simple estates. (Flesch Readability Score: 70.4).</i>]
[<i>Expands the types of estates that may use the simple estate process to administer a decedent's estate. Modifies the calculation of fair market values of assets and retains application of the current probate filing fees for the new type of simple estates. Directs the State Court Administrator to adjust asset value limitations for the new type of simple estates annually for inflation.</i>]
<b>Modifies calculations of the fair market value of simple estate assets by excluding the values of manufactured homes from the asset limits for personal property and including the values of manufactured homes in the assets limits for real property.</b>
Relating to: Relating to simple estates.
Current location: Chapter Number Assigned