VA SB637 | 2020 | Regular Session
Note: Carry Foward to future SB637
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2020 - 25% progression, died in committee
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]
Status: Introduced on January 7 2020 - 25% progression, died in committee
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.
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
| Date | Chamber | Action |
|---|---|---|
| 2020-01-29 | Senate | Continued to 2021 in Finance and Appropriations (10-Y 6-N) |
| 2020-01-29 | Senate | Committee substitute printed to LIS only 20107066D-S1 |
| 2020-01-07 | Senate | Referred to Committee on Finance and Appropriations |
| 2020-01-07 | Senate | Prefiled and ordered printed; offered 01/08/20 20100735D |
Same As/Similar To
SB637 (Carry Over) 2020-01-29 - Continued to 2021 in Finance and Appropriations (10-Y 6-N)
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 |
