Elizabeth Bennett-Parker
- Democratic
- Delegate
- District 5
Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2024. 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 early childhood care and education purposes.
A BILL to amend and reenact ยงยง 58.1-901 through 58.1-905 and 58.1-912 of the Code of Virginia, relating to reinstatement of the estate tax. 24104291D
Left in Finance
Committee substitute posted to LIS only 24107085D-H1
Continued to 2025 with substitute in Finance (Voice Vote)
House subcommittee amendments and substitutes offered
Subcommittee recommends continuing to 2025 with substitute (7-Y 0-N)
Impact statement from TAX (HB1414)
Assigned Finance sub: Subcommittee #3
Referred to Committee on Finance
Presented and ordered printed 24104291D
Bill Text Versions | Format |
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Substitute | HTML PDF |
Introduced | HTML PDF |
Document | Format |
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Impact statement from TAX (HB1414) |
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