Estate tax; reinstates for persons dying on or after July 1, 2013. (HB1457)
Introduced By
Del. Vivian Watts (D-Annandale)
Progress
✓ |
Introduced |
☐ |
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, 2013. 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 the Medicaid cost of meeting 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. Five percent of the remaining revenues shall be used to fund home-based and community-based services to enable older adults and people with disabilities to remain in home settings. Read the Bill »
Outcome
History
Date | Action |
---|---|
12/27/2012 | Committee |
12/27/2012 | Prefiled and ordered printed; offered 01/09/13 13101810D |
12/27/2012 | Referred to Committee on Finance |
01/13/2013 | Impact statement from TAX (HB1457) |
01/21/2013 | Referred from Finance |
01/21/2013 | Referred to Committee on Rules |
01/31/2013 | Stricken at request of Patron in Rules |