HB 1414

  • Virginia House Bill
  • 2024 Regular Session
  • Introduced in House Jan 17, 2024
  • House
  • Senate
  • Governor

Estate tax; reinstates tax for persons dying on and after July 1, 2024.

Abstract

Reinstatement of the estate tax. Reinstatesthe estate tax for persons dying on and after July 1, 2024. The billprovides that no estate tax shall be imposed on a gross estate ifthe majority of the assets of the estate are an interest in a closelyheld business or a working farm. The bill designates revenues fromthe estate tax to be used for early childhood care and educationpurposes.

Bill Sponsors (1)

Votes


Actions


Feb 07, 2024

House

Committee substitute posted to LIS only 24107085D-H1

House

Continued to 2025 with substitute in Finance

Feb 05, 2024

House

House subcommittee amendments and substitutes offered

House

Subcommittee recommends continuing to 2025 with substitute (7-Y 0-N)

Feb 03, 2024

House

Impact statement from TAX (HB1414)

Feb 02, 2024

House

Assigned Finance sub: Subcommittee #3

Jan 17, 2024

House

Presented and ordered printed 24104291D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Presented and ordered printed 24104291D PDF HTML
Committee substitute posted to LIS only 24107085D-H1 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB1414F161.PDF PDF

Sources

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