CHAPTER NUMBER: 366
File Code: Taxes - Miscellaneous
Crossfiled with: HOUSE BILL 359
- Sponsored By:
-
Senators Miller and Hoffman
- Entitled:
-
Inheritance Tax - Corrective
Clarifying and correcting inheritance tax law provisions made obsolete
by the exemption from the tax for a decedent's lineal relatives and
siblings and the repeal of the lineal inheritance tax rate; clarifying
the tax's applicability under specified circumstances when property
passes to spouses as tenants by the entireties or an application to
prepay the tax on a subsequent interest is filed; repealing an
elective inheritance tax exemption for farmland passing to lineal
relatives of a decedent; etc.
Senate Action
- 1/25
- First Reading Budget and Taxation
- Hearing 2/7 at 1:30 p.m.
- 2/5
- Hearing cancelled
- Hearing 2/7 at 2:00 p.m.
- 2/13
- Favorable Report by Budget and Taxation
- 2/15
- Favorable Report Adopted
- Second Reading Passed
- 2/19
- Third Reading Passed (46-0)
- 4/1
- Returned Passed
- 5/15
- Signed by the Governor Chapter 366
House Action
- 2/20
- First Reading Ways and Means
- 3/14
- Hearing 3/29 at 1:00 p.m.
- 4/2
- Favorable Report by Ways and Means
- 3/28
- Favorable Report Adopted
- Second Reading Passed
- 3/29
- Third Reading Passed (138-0)
- Sponsored by:
- Senator Thomas V. Mike Miller, Jr., District 27
- Senator Barbara A. Hoffman, District 42
- Bill indexed under the following Subjects:
- CORRECTIVE LEGISLATION
- ESTATES AND TRUSTS
- EXEMPTIONS
- FARMLAND
- INHERITANCE TAX
- INTEREST
- PENALTIES
- Bill affects the following Statutes:
- Tax - General
- (
7-209 ,
7-210 ,
7-211 ,
7-221
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
- Roll Call Votes (Legislative dates are shown):
- Senate
- February 19, 2001: Third Reading Passed (46-0)
- House
- March 29, 2001: Third Reading Passed (138-0)