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