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