Estate tax; conformity of state and federal statutes. (SB659)
Introduced By
Sen. Ryan McDougle (R-Mechanicsville)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
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. Amends § 58.1-901 (“Definitions.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
