House Sponsors: BEAUBIEN. Short description: TRUSTS UNDERPRODUCTIVE PROPRTY Synopsis of Bill as introduced: Amends the Principal and Income Act. Provides that in any year a trust does not yield a net income of at least 4% of the value of the total marketable principal of the trust, the trustee may elect to pay to the income beneficiary an amount equal to the excess of 4% of the value of the marketable principal over the net income earned by the trust in the year. Effective January 1, 2001. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status