Individual Retirement Accounts
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SB 702 — Individual Retirement Accounts
Last action — Died in Messages
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 2021 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Individual Retirement Accounts; Specifying that certain interests received by a transferee after a divorce are exempt from claims of creditors upon being awarded to or received by the transferee; specifying that such interests remain exempt; providing retroactive applicability, etc.
Bill Text
What changed in the latest version
20 added · 19 removed20 line(s) added, 19 removed.
Florida Senate - 2021 CS for SB 702 By Senatorthe ThurstonCommittee 33-00380-21on 2021702__Judiciary; A bill to be entitled An act relating to individual retirement accounts;
and Senator Thurston 590-02341-21 2021702c1 A bill to be entitled An act relating to individual retirement accounts;
specifying that certain interests inreceived certainby individuala retirementtransferee fundsafter ora accountsdivorce which are exempt from creditor claims continueof tocreditors beupon exemptbeing afterawarded certainto transfersor incidentreceived toby divorce;the transferee;
specifying that such interests remain exempt;
AnyAn interest in any fund or account awarded or received in a transfer incident to divorce as described in s.
408(d)(6) of the Internal Revenue Code of 1986, as amended, is exempt upon the interest being awarded or received and continues to be exempt afterthereafter. the transfer.
This paragraph is intended to clarify existing law, is remedial in nature, and shall have retroactive application to all inherited individual retirement accounts and to alleach suchtransfer transfers incident to divorce without regard to the date an account was created or the date the transfer was made.
View plain text versions (2)
- S 702 c1 View text Current html
- Introduced S 702 Filed html
Action History
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Died in Messages
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In Messages
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Immediately certified
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CS passed; YEAS 38 NAYS 0
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Read 3rd time
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Read 2nd time
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Placed on Special Order Calendar, 04/07/21
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Placed on Calendar, on 2nd reading
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Favorable by- Rules; YEAS 17 NAYS 0
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On Committee agenda-- Rules, 03/25/21, 9:00 am, 412 Knott Building
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On Committee agenda-- Rules, 03/18/21, 9:00 am, 412 Knott Building --Not Considered
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CS by Judiciary read 1st time
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Now in Rules
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Pending reference review under Rule 4.7(2) - (Committee Substitute)
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CS by Judiciary; YEAS 11 NAYS 0
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Introduced
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On Committee agenda-- Judiciary, 03/02/21, 1:30 pm, 412 Knott Building
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Now in Judiciary
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Favorable by Banking and Insurance; YEAS 11 NAYS 0
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On Committee agenda-- Banking and Insurance, 02/16/21, 3:30 pm, 412 Knott Building
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Referred to Banking and Insurance; Judiciary; Rules
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Filed
Sponsors
- Thurston · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 163 not signed on
Sponsors (1)
- Thurston
Co-sponsors (0)
None.
Not signed on (163)
163 members have not signed on to this bill.
Show all 163 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 12 | 0 | 0 | 1 |
| Unaffiliated | 21 | 0 | 0 | 1 |
| Democrat | 4 | 0 | 0 | 0 |
| No Party Affiliation | 1 | 0 | 0 | 0 |
| Total | 38 | 0 | 0 | 2 |
| % of votes cast | 95% | 0% | 0% | 5% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Diaz | — | Yea |
| Ausley | — | Yea |
| Farmer | — | Yea |
| Powell | — | Yea |
| Baxley | — | Yea |
| Gainer | — | Yea |
| Rodrigues | — | Yea |
| Bean | — | Yea |
| Gibson | — | Yea |
| Book | — | Yea |
| Stargel | — | Yea |
| Stewart | — | Yea |
| Bracy | — | Yea |
| Taddeo | — | Yea |
| Hutson | — | Yea |
| Thurston | — | Yea |
| Brandes | — | Yea |
| Torres | — | Yea |
| Broxson | — | Yea |
| Simpson | — | Yea |
| Perry | — | Yea |
| Cruz | — | Not Voting |
| Berman, Lori | Democrat | Yea |
| Jones, Shevrin D. "Shev" | Democrat | Yea |
| Polsky, Tina Scott | Democrat | Yea |
| Rouson, Darryl Ervin | Democrat | Yea |
| Pizzo, Jason W. B. | No Party Affiliation | Yea |
| Albritton, Ben | Republican | Yea |
| Boyd, Jim | Republican | Yea |
| Bradley, Jennifer | Republican | Yea |
| Brodeur, Jason | Republican | Yea |
| Burgess, Danny | Republican | Yea |
| Garcia, Ileana | Republican | Yea |
| Gruters, Joe | Republican | Yea |
| Harrell, Gayle | Republican | Yea |
| Hooper, Ed | Republican | Yea |
| Mayfield, Debbie | Republican | Yea |
| Passidomo, Kathleen | Republican | Yea |
| Rodriguez, Ana Maria | Republican | Not Voting |
| Wright, Tom A. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 5 | 0 | 0 | 0 |
| Unaffiliated | 12 | 0 | 0 | 0 |
| Total | 17 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (17)
| Member | Party | Vote |
|---|---|---|
| Baxley | — | Yea |
| Bean | — | Yea |
| Book | — | Yea |
| Bracy | — | Yea |
| Brandes | — | Yea |
| Diaz | — | Yea |
| Farmer | — | Yea |
| Gibson | — | Yea |
| Hutson | — | Yea |
| Powell | — | Yea |
| Stargel | — | Yea |
| Thurston | — | Yea |
| Albritton, Ben | Republican | Yea |
| Garcia, Ileana | Republican | Yea |
| Gruters, Joe | Republican | Yea |
| Mayfield, Debbie | Republican | Yea |
| Passidomo, Kathleen | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Democrat | 2 | 0 | 0 | 0 |
| Total | 11 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Baxley | — | Yea |
| Broxson | — | Yea |
| Rodrigues | — | Yea |
| Thurston | — | Yea |
| Gibson | — | Yea |
| Brandes | — | Yea |
| Polsky, Tina Scott | Democrat | Yea |
| Rouson, Darryl Ervin | Democrat | Yea |
| Boyd, Jim | Republican | Yea |
| Bradley, Jennifer | Republican | Yea |
| Mayfield, Debbie | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 7 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 1 |
| Democrat | 1 | 0 | 0 | 0 |
| Total | 11 | 0 | 0 | 1 |
| % of votes cast | 92% | 0% | 0% | 8% |
How each member voted (12)
| Member | Party | Vote |
|---|---|---|
| Brandes | — | Yea |
| Rodrigues | — | Yea |
| Stargel | — | Yea |
| Stewart | — | Yea |
| Taddeo | — | Yea |
| Thurston | — | Yea |
| Broxson | — | Yea |
| Rouson, Darryl Ervin | Democrat | Yea |
| Boyd, Jim | Republican | Not Voting |
| Burgess, Danny | Republican | Yea |
| Gruters, Joe | Republican | Yea |
| Passidomo, Kathleen | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 702 do?
- Individual Retirement Accounts; Specifying that certain interests received by a transferee after a divorce are exempt from claims of creditors upon being awarded to or received by the transferee; specifying that such interests remain exempt; providing retroactive applicability, etc.
- Who sponsors SB 702?
- SB 702 is sponsored by Thurston.
- What is the current status of SB 702?
- This bill died with 2021 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 702?
- Track SB 702 free on One Click Politics — get push/email alerts when it moves.
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