AB803,4 Section 4. 700.16 (1) (c) of the statutes is amended to read:

AB803,,12 700.16 (1) (c) If a future interest or trust is created by exercise of a power of appointment, the permissible period is computed from the time the power of appointment is exercised if the power of appointment is a general power of appointment, as defined in s. 702.02 (5) 702.102 (7), even if the general power of appointment is exercisable only by will. In the case of other powers of appointment the permissible period is computed from the time the power of appointment is created but facts at the time the power of appointment is exercised are considered in determining whether the power of alienation is suspended beyond a life or lives in being at the time of creation of the power of appointment plus 30 years.

AB803,5 Section 5. 700.27 (1) (d) of the statutes is amended to read:

AB803,,14 700.27 (1) (d) “Power of appointment” has the meaning given in s. 702.02 (6) 702.102 (14).

AB803,6 Section 6. 701.0102 (12m) of the statutes is created to read:

AB803,,16 701.0102 (12m) An account that is part of a qualified ABLE program under section 529A (b) of the Internal Revenue Code.

AB803,7 Section 7. 701.0103 (1m) of the statutes is created to read:

AB803,,18 701.0103 (1m) “Animal protector” means a person appointed in an animal trust to enforce the trust on behalf of the animal or, if no such person is appointed in the trust, a person appointed by the court for that purpose.

AB803,8 Section 8. 701.0103 (1n) of the statutes is created to read:

AB803,,20 701.0103 (1n) “Animal trust” means a trust or an interest in a trust created to provide for the care of one or more animals.

AB803,9 Section 9. 701.0103 (3) (c) of the statutes is created to read:

AB803,,22 701.0103 (3) (c) Is an identified charitable organization that will or may receive distributions under the terms of the trust.

AB803,10 Section 10. 701.0103 (3m) of the statutes is created to read:

AB803,,24 701.0103 (3m) “Broad limited power of appointment” has the meaning given in s. 702.102 (4).

AB803,11 Section 11. 701.0103 (3r) of the statutes is created to read:

AB803,,26 701.0103 (3r) “Charitable interest” means an interest in a trust that satisfies any of the following:

AB803,,27 (a) It is held by an identified charitable organization and makes the organization a qualified beneficiary.

AB803,,28 (b) It benefits only charitable organizations and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.

AB803,,29 (c) It is held solely for charitable purposes and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary.

AB803,12 Section 12. 701.0103 (3u) of the statutes is created to read:

AB803,,31 701.0103 (3u) “Charitable organization” means any of the following:

AB803,,32 (a) A person, other than an individual, organized and operated exclusively for charitable purposes.

AB803,,33 (b) A government or governmental subdivision, agency, or instrumentality, to the extent it holds funds exclusively for a charitable purpose.

AB803,13 Section 13. 701.0103 (3x) of the statutes is created to read:

AB803,,35 701.0103 (3x) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, a municipal or other governmental purpose, or another purpose the achievement of which is beneficial to the community.

AB803,14 Section 14. 701.0103 (4) of the statutes is amended to read:

AB803,,37 701.0103 (4) “Charitable trust” means a trust, or portion of a trust, created for a charitable purpose described in s. 701.0405 (1). This subsection does not apply in s. 701.1201.

AB803,15 Section 15. 701.0103 (5g) of the statutes is created to read:

AB803,,39 701.0103 (5g) “Court” means the court that is identified in s. 701.0203 (1).