Estate tax; dedication of revenues collected. (HB223)
Introduced By
Del. Vivian Watts (D-Annandale) with support from 6 copatrons, whose average partisan position is:
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Estate tax reinstated. Reinstates the estate tax for persons dying on or after July 1, 2010. No estate tax will be imposed on a gross estate if the majority of the assets of the estate is an interest in a closely held business or a working farm. The revenues from the estate tax would first be used for funding staffing standards in nursing homes required to be established under the bill, which staffing standards would require a minimum period of time of direct care services to each resident per 24-hour period. View Full Text »
Outcome
Bill Has Failed
View Bill's History
Comments
Bad idea. This would impose a great deal of paperwork and administration and irritation for VA residents that we just got rid of not that long ago. If Revenue is needed find another way that does not bring along with it a lot of complicated, mind-numbing rules and regulations.