republic-os/legislation/us/states/ca/20132014/ab-1029.md

---
type: "Bill"
title: "Trusts and estates: allocations of receipts."
description: "Existing law regulates the administration of trusts and the estates of decedents and establishes the Uniform Principal and Income Act. Existing law defines \"income\" in this regard and prescribes rules for determining the character of money received from an entity. Existing law generally requires that money received from an entity be allocated to income, but provides that money received in total or partial liquidation of the entity is allocated to principal. Existing law establishes rules for determining whether money is received in partial liquidation, including if the total amount of money and property received by all owners, collectively, in a distribution or series of related distributions is greater than 20% of the entity's gross assets, as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20132014"
identifier: "AB 1029"
citation: "California AB 1029 (20132014)"
classification: ["bill"]
subjects: ["Trusts and estates: allocations of receipts."]
status: "enacted"
primary_sponsors: ["Maienschein"]
version_count: 6
action_count: 20
vote_count: 5
first_action: "2013-02-22"
last_action: "2013-08-13"
source: "openstates"
source_identifier: "ocd-bill/fa30710b-4048-419d-a8a3-b1cdd292c58a"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB1029"
source_hash: "d04548c8db0f54801461205b1b00b186fe7df1c500ced467960833d237e9798a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California AB 1029 (20132014) — Trusts and estates: allocations of receipts.

Existing law regulates the administration of trusts and the estates of decedents and establishes the Uniform Principal and Income Act. Existing law defines "income" in this regard and prescribes rules for determining the character of money received from an entity. Existing law generally requires that money received from an entity be allocated to income, but provides that money received in total or partial liquidation of the entity is allocated to principal. Existing law establishes rules for determining whether money is received in partial liquidation, including if the total amount of money and property received by all owners, collectively, in a distribution or series of related distributions is greater than 20% of the entity's gross assets, as specified.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/22/13 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1029&version=20130AB102999INT)
2. **04/18/13 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1029&version=20130AB102998AMD)
3. **05/24/13 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1029&version=20130AB102997AMD)
4. **08/13/13 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1029&version=20130AB102995CHP)
5. **AB1029** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB1029)
6. **07/10/13 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140AB1029&version=20130AB102996ENR)

## Votes

- 3rd Reading AB1029 Maienschein By Anderson — **36–0** (pass) · upper
- Do pass, to Consent Calendar. — **10–0** (pass) · lower
- AB 1029 MAIENSCHEIN Consent Calendar Second Day — **77–0** (pass) · lower
- Do pass. — **6–0** (pass) · upper
- AB 1029 MAIENSCHEIN Concurrence in Senate Amendments — **74–0** (pass) · lower

## Sponsors

- Maienschein — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2013-02-22** Introduced. To print. `introduction`
- **2013-02-24** From printer. May be heard in committee March 26.
- **2013-02-25** Read first time. `reading-1`
- **2013-03-07** Referred to Com. on JUD. `referral-committee`
- **2013-04-18** From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. `amendment-introduction, amendment-passage, reading-2, reading-1`
- **2013-04-22** Re-referred to Com. on JUD. `referral-committee`
- **2013-04-23** From committee: Do pass. To consent calendar. (Ayes 10. Noes 0.) (April 23). `committee-passage-favorable, committee-passage`
- **2013-04-24** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2013-04-29** Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1158.) `reading-3, reading-1, passage`
- **2013-04-29** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2013-05-09** Referred to Com. on JUD. `referral-committee`
- **2013-05-24** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. `amendment-introduction, amendment-passage, reading-2, reading-1, referral-committee`
- **2013-06-04** From committee: Do pass. (Ayes 6. Noes 0.) (June 4). `committee-passage-favorable, committee-passage`
- **2013-06-05** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2013-07-01** Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 1602.). `reading-3, reading-1, passage`
- **2013-07-01** In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 3 pursuant to Assembly Rule 77.
- **2013-07-03** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 74. Noes 0. Page 2287.). `committee-passage-favorable, amendment-passage`
- **2013-08-01** Enrolled and presented to the Governor at 4:45 p.m.
- **2013-08-13** Approved by the Governor. `executive-signature`
- **2013-08-13** Chaptered by Secretary of State - Chapter 105, Statutes of 2013.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/fa30710b-4048-419d-a8a3-b1cdd292c58a`. Confidence: reported (aggregated from official California legislature records).