Relates to the computation and allocation of the commissions of trustees of charitable trusts; repealer

This bill modifies how trustees of charitable trusts are paid by limiting their annual commissions and removing fees for distributing principal. Under the new rules, trustees can only earn up to 80 percent of the standard commission rate, and for trusts with a principal value exceeding twenty million dollars, the cap drops to 50 percent of the standard rate. The legislation also clarifies that trustees cannot charge fees for paying out the trust's principal and adjusts how commissions are calculated for accumulated income. These changes apply to all charitable trusts existing on or after the effective date, though current trustees have the option to keep using the old fee structure until the end of the year the bill takes effect.