IndianaHB 1081First Regular Session 124th General Assembly (2025)House

Distributions to charitable beneficiaries.

Sponsored By: Ethan Manning (Republican)

Signed by Governor

Summary

Provides that an applicant for a certificate of death has a direct interest in a certificate of death if the applicant is a beneficiary of the deceased's individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy. Provides that if a charitable organization is designated as the beneficiary of an individual retirement account, retirement account, brokerage transfer on death account, annuity, or life insurance policy, a financial institution or insurance company in control of the funds must transfer the funds directly to the charitable organization without requiring certain conditions to be satisfied, if the: (1) charitable organization submits a certain affidavit.

financial institutionsthe senateinsurance and financial institutions

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Beneficiaries gain clearer death certificate access

Beginning July 1, 2025, beneficiaries of listed accounts and policies count as having a direct interest in death certificates. These include individual retirement accounts, other retirement accounts, transfer-on-death brokerage accounts, annuities, and life insurance. Applicants must still show that the information is needed to establish personal or property rights or comply with law. This helps beneficiaries seek records needed to claim funds; it does not guarantee access. The state registrar can still deny release when there is reasonable suspicion of fraud or identity theft.

Charities gain protections for inherited funds

Beginning July 1, 2025, banks, other covered financial institutions, and insurers must send funds directly to eligible charities named as beneficiaries. Covered assets include individual retirement accounts, other retirement accounts, transfer-on-death brokerage accounts, annuities, and life insurance. Charities must have 501(c)(3) tax-exempt status and be organized under Indiana law. They must submit an affidavit with tax-exemption proof, an authorized resolution accepting the funds, Form W-9, and accepted proof of death. Institutions cannot require personal information about charity staff, officers, or agents, or require charities to become customers or open accounts. When notifying a charity that it is a beneficiary, the institution must provide the deceased person's name. Within 60 days after receiving the affidavit, institutions must transfer funds or give a reasonable written justification for not complying. Legal conflicts can justify noncompliance; when citing federal law, institutions must request the information needed to comply. Charities can sue or complain to the applicable regulator. Courts or regulators may impose penalties of $500 to $10,000 per incident; courts may also award damages, costs, and attorney's fees.

Sponsors & Cosponsors

Sponsor

  • Ethan Manning

    Republican • House

Cosponsors

  • Jake Teshka

    Republican • House

  • Kyle Pierce

    Republican • House

  • Lonnie Randolph

    Democratic • Senate

  • Mike Andrade

    Democratic • House

  • Scott Baldwin

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 278 • No: 0

Senate vote • 4/23/2025

Conference Committee Report 1: adopted by the Senate

Yes: 47 • No: 0

House vote • 4/22/2025

Rules Suspended. Conference Committee Report 1: adopted by the House

Yes: 91 • No: 0

Senate vote • 4/1/2025

Third reading: passed

Yes: 49 • No: 0

House vote • 1/28/2025

Third reading: passed

Yes: 91 • No: 0

Actions Timeline

  1. Public Law 220

    5/6/2025House
  2. Signed by the Governor

    5/6/2025House
  3. Signed by the President of the Senate

    4/29/2025Senate
  4. Signed by the President Pro Tempore

    4/24/2025Senate
  5. Conference Committee Report 1: adopted by the Senate; Roll Call 495: yeas 47, nays 0

    4/23/2025Senate
  6. Signed by the Speaker

    4/23/2025House
  7. Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 517: yeas 91, nays 0

    4/22/2025House
  8. CCR # 1 filed in the Senate

    4/22/2025Senate
  9. CCR # 1 filed in the House

    4/22/2025House
  10. Senate advisors appointed: Qaddoura and Schmitt

    4/10/2025Senate
  11. House advisors appointed: Teshka, Pierce K and Miller K

    4/10/2025House
  12. House conferees appointed: Manning and Andrade

    4/10/2025House
  13. Senate conferees appointed: Baldwin and Randolph Lonnie M

    4/10/2025Senate
  14. House dissented from Senate amendments

    4/3/2025House
  15. Returned to the House with amendments

    4/2/2025Senate
  16. Motion to dissent filed

    4/2/2025House
  17. Third reading: passed; Roll Call 322: yeas 49, nays 0

    4/1/2025Senate
  18. Reread second time: amended, ordered engrossed

    3/31/2025Senate
  19. Amendment #3 (Gaskill) prevailed; voice vote

    3/31/2025Senate
  20. Amendment #1 (Bassler) prevailed; voice vote

    3/31/2025Senate
  21. Amendment #2 (Bassler) prevailed; voice vote

    3/31/2025Senate
  22. Placed back on second reading

    3/18/2025Senate
  23. Second reading: ordered engrossed

    3/17/2025Senate
  24. Senator Randolph added as cosponsor

    3/13/2025Senate
  25. Committee report: amend do pass, adopted

    3/13/2025Senate

Bill Text

  • Engrossed House Bill (H)

  • Enrolled House Bill (H)

  • House Bill (S)

  • Introduced House Bill (H)

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