All Roll Calls
Yes: 102 • No: 0
WyomingSF 972025 General SessionSenate
AN ACT relating to the uniform trust code; clarifying the definition of "qualified trustee"; specifying who is required to receive notice for judicial proceedings related to trusts; specifying that no rule of perpetuities applies to noncharitable purpose trusts; specifying when a trustee can reimburse a person for certain tax costs attributable to the trust; specifying applicability; and providing for an effective date.
Sponsored By: Cale Case (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Trust owners can receive tax reimbursements
Beginning July 1, 2025, these rules cover trusts created or becoming subject to Wyoming’s Uniform Trust Code from that date. Trustees can pay or reimburse personal income taxes for people treated as owners of all or part of a trust. Payments cover taxes tied to trust income, capital gains, deductions, or credits. Payment is optional, and trust terms can block it. The trustee making payment cannot be the trust’s creator or someone related or subordinate to the creator under federal tax law. An independent trustee can permanently opt out in writing. Using this power does not make the creator a beneficiary or put trust property in the creator’s taxable estate. It also does not let the creator’s creditors compel or seize the payment. Trustees can make federal, state, and local tax elections. Each trust tax year, they can decide whether principal distributions include net realized capital gains and losses when calculating distributable net income. Tax reimbursements and distributions into another trust must preserve claimed federal transfer-tax benefits, including marital and charitable deductions. A trustee distributing assets into another trust cannot change their own beneficiary interest. Trustees are not liable for using these powers in good faith.
Longer-lasting trusts for noncharitable purposes
Beginning July 1, 2025, these rules cover trusts created or becoming subject to Wyoming’s Uniform Trust Code from that date. Common-law rules limiting trust duration do not apply to covered noncharitable purpose trusts. Other common-law rules against perpetuities also do not apply. These rules no longer limit how long such trusts can continue.
Narrower notice rights in trust cases
Beginning July 1, 2025, these rules cover trusts created or becoming subject to Wyoming’s Uniform Trust Code from that date. Notice of trust-related court proceedings is required only for people meeting Wyoming law’s definition of an interested person. People outside that definition are not entitled to notice under this rule.
Tighter rules for qualified Wyoming trustees
Beginning July 1, 2025, these rules cover trusts created or becoming subject to Wyoming’s Uniform Trust Code from that date. Qualified trustees must be authorized under Wyoming law or be regulated financial institutions conducting at least one activity in Wyoming. Nonresident individuals and entities outside those authorized or regulated categories cannot qualify. The trust’s creator cannot serve directly as a qualified trustee. The creator can act through an entity only when independent people must approve its discretionary distributions. Those people must be disinterested and neither related nor subordinate to the creator under federal tax law.
Sponsors & Cosponsors
Sponsor
Cale Case
Republican • Senate
Cosponsors
Martha Lawley
Republican • House
Tara Nethercott
Republican • Senate
Jared Olsen
Republican • Senate
Roll Call Votes
House vote • 3/3/2025
H 3rd Reading:Passed 60-0-2-0-0
Yes: 60 • No: 0
House vote • 2/24/2025
H09 - Minerals:Recommend Do Pass 8-0-1-0-0
Yes: 8 • No: 0
Senate vote • 2/3/2025
S 3rd Reading:Passed 31-0-0-0-0
Yes: 31 • No: 0
Senate vote • 1/27/2025
S09 - Minerals:Recommend Do Pass 3-0-2-0-0
Yes: 3 • No: 0
Actions Timeline
Assigned Chapter Number 115
3/5/2025Governor Signed SEA No. 0066
3/5/2025GovernorH Speaker Signed SEA No. 0066
3/3/2025HouseS President Signed SEA No. 0066
3/3/2025SenateAssigned Number SEA No. 0066
3/3/2025H 3rd Reading:Passed 60-0-2-0-0
3/3/2025HouseH 2nd Reading:Passed
2/28/2025HouseH COW:Passed
2/27/2025HouseH Placed on General File
2/24/2025HouseH09 - Minerals:Recommend Do Pass 8-0-1-0-0
2/24/2025HouseH Introduced and Referred to H09 - Minerals
2/18/2025HouseH Received for Introduction
2/3/2025HouseS 3rd Reading:Passed 31-0-0-0-0
2/3/2025SenateS 2nd Reading:Passed
1/31/2025SenateS COW:Passed
1/30/2025SenateS Placed on General File
1/27/2025SenateS09 - Minerals:Recommend Do Pass 3-0-2-0-0
1/27/2025SenateS Introduced and Referred to S09 - Minerals
1/22/2025SenateS Received for Introduction
1/10/2025SenateBill Number Assigned
1/8/2025
Bill Text
Enrolled
Introduced
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