2000 Regular Session

HOUSE BILL 130

File Code: Taxes - Miscellaneous Prior Year Introduction As: HB 291/99 - W&M
Sponsored By:
Delegate Cryor
Entitled:
Inheritance Tax - Tax Rate - Family of Decedent

Synopsis:

Reducing from 0.9% to 0.5% the inheritance tax rate for property that passes from a decedent to or for the use of a grandparent, parent, spouse, lineal descendant, sibling, stepparent, or stepchild or a corporation owned entirely by the relatives of a decedent; and reducing the inheritance tax rate for property that passes from a decedent to a sibling of the decedent to 5%.

History by Legislative Date

House Action
1/18
First Reading Ways and Means
1/19
Hearing 1/25 at 11:00 a.m.
Senate Action
No Action
Bill indexed under the following Subject:
INHERITANCE TAX
Bill affects the following Statute:
Tax - General
( 7-204 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered