VA HB736 | 2021 | Regular Session

Virginia House Bill 736 (Prior Session Legislation)

Note: Carry Over of previous HB736

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 6 2020 - 25% progression, died in committee
Action: 2020-12-04 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

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.

Title

Estate tax; reinstatement.

History

Date	Chamber	Action
2020-12-04	House	Left in Finance
2020-01-29	House	Continued to 2021 in Finance by voice vote
2020-01-24	House	Subcommittee recommends continuing to 2021 by voice vote
2020-01-23	House	Assigned Finance sub: Subcommittee #3
2020-01-06	House	Referred to Committee on Finance
2020-01-06	House	Prefiled and ordered printed; offered 01/08/20 20104337D

Same As/Similar To

HB736 (Carry Over) 2020-01-29 - Continued to 2021 in Finance by voice vote

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
58	1	901	(n/a)	See Bill Text
58	1	902	(n/a)	See Bill Text
58	1	905	(n/a)	See Bill Text
58	1	912	(n/a)	See Bill Text

Virginia State Sources

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?211+sum+HB736
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?211+ful+HB736+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?211+oth+HB736F161+PDF