VA SB637 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2020 - 25% progression
Action: 2020-01-29 - Continued to 2021 in Finance and Appropriations (10-Y 6-N)
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Comm Sub) [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.

Tracking Information

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Title

Estate tax; reinstatement.

Sponsors


Roll Calls

2020-01-29 - Senate - Senate: Continued to 2021 in Finance and Appropriations (10-Y 6-N) (Y: 10 N: 6 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2020-01-29SenateContinued to 2021 in Finance and Appropriations (10-Y 6-N)
2020-01-29SenateCommittee substitute printed to LIS only 20107066D-S1
2020-01-07SenateReferred to Committee on Finance and Appropriations
2020-01-07SenatePrefiled and ordered printed; offered 01/08/20 20100735D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581901(n/a)See Bill Text
581902(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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