Estate tax; reinstatement. (HB736)

Introduced By

Del. Vivian Watts (D-Annandale)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Estate tax; reinstatement. Reinstates the estate tax for persons dying on and after July 1, 2020. 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

DateAction
01/06/2020Prefiled and ordered printed; offered 01/08/20 20104337D
01/06/2020Referred to Committee on Finance
01/23/2020Assigned Finance sub: Subcommittee #3
01/23/2020Impact statement from TAX (HB736)
01/24/2020Subcommittee recommends continuing to 2021
01/29/2020Continued to 2021 in Finance
12/04/2020Left in Finance

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