VA HB2157 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 12 2021 - 25% progression, died in chamber
Action: 2021-02-03 - Tabled in Finance (22-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

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.

Tracking Information

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Title

Estate tax; reinstates the tax for persons dying on or after July 1, 2021.

Sponsors


History

DateChamberAction
2021-02-03HouseTabled in Finance (22-Y 0-N)
2021-01-12HouseReferred to Committee on Finance
2021-01-12HousePrefiled and ordered printed; offered 01/13/21 21101005D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581901(n/a)See Bill Text
581902(n/a)See Bill Text
581903(n/a)See Bill Text
581904(n/a)See Bill Text
581905(n/a)See Bill Text
581912(n/a)See Bill Text

Virginia State Sources


Bill Comments

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