Estate tax; conformity of state and federal statutes. (HB40)

Introduced By

Del. Bob Tata (R-Virginia Beach) with support from 35 copatrons, whose average partisan position is:

Description

Estate tax. Conforms the amount of Virginia estate tax due from an estate to the maximum amount of the federal estate tax credit for state estate taxes, as permitted under federal estate tax law, as such law shall be amended from time to time. Under current law the amount of Virginia estate tax cannot be less than the federal credit under federal law as such law existed on January 1, 1978. The bill incorporates HB's 516 and 519 (Armstrong). Amends § 58.1-901 (“Definitions.”), of the Code of Virginia. View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.