Estate tax; exemptions. (HB519)
Introduced By
Del. Ward Armstrong (D-Martinsville)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
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Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Estate tax. Exempts from the estate tax (i) all estates where the majority of assets are an interest in a closely held business, including working farms, and (ii) all estates where the gross estate is worth $10 million or less. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/09/2006 | Prefiled and ordered printed; offered 01/11/06 062201216 |
| 01/09/2006 | Referred to Committee on Finance |
| 01/16/2006 | Fiscal impact statement from TAX (HB519) |
| 01/18/2006 | Assigned to Finance sub-committee: #2 (Purkey) |
| 01/30/2006 | Incorporated by Finance (HB40-Tata) |