Estate tax; conformity of state and federal statutes. (SB659)

Introduced By

Sen. Ryan McDougle (R-Mechanicsville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/18/2006Presented and ordered printed 062222766
01/18/2006Referred to Committee on Finance
01/29/2006Fiscal impact statement from TAX (SB659)
02/14/2006Incorporated by Finance (SB504-Norment) (15-Y 0-N)