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 »

Status

01/12/2021: Awaiting a Vote in the Finance Committee

History

DateAction
01/12/2021Committee
01/12/2021Prefiled and ordered printed; offered 01/13/21 21101005D
01/12/2021Referred to Committee on Finance
01/16/2021Impact statement from TAX (HB2157)

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