Estate tax; reinstates the tax for persons dying on or after July 1, 2021. (HB2157)
Introduced By
Del. Vivian Watts (D-Annandale) with support from co-patron Del. Alfonso Lopez (D-Arlington)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2021. The bill provides that no estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely held business or a working farm. The bill designates revenues from the estate tax to be used for health care purposes. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/12/2021 | Committee |
| 01/12/2021 | Prefiled and ordered printed; offered 01/13/21 21101005D |
| 01/12/2021 | Referred to Committee on Finance |
| 01/16/2021 | Impact statement from TAX (HB2157) |
| 02/03/2021 | Tabled in Finance (22-Y 0-N) (see vote tally) |