File Code: Taxes - Miscellaneous
Crossfiled with: HOUSE BILL 648
- Sponsored By:
-
Senator Ruben
- Entitled:
-
Inheritance Tax - Nephews and Nieces
Reducing the inheritance tax rate for property passing to a nephew or
niece of a decedent who died without heirs entitled to the inheritance
tax exemption for family members, from 10% to 6% for decedents dying
between July 1, 2001, and July 1, 2002, and from 10% to 5% for
decedents dying between July 1, 2002, and July 1, 2003; and exempting
property passing to a nephew or niece under those circumstances for
decedents dying on or after July 1, 2003.
Senate Action
- 2/2
- First Reading Budget and Taxation
- 2/14
- Hearing 3/14 at 1:30 p.m.
- 3/22
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Bill indexed under the following Subjects:
- EXEMPTIONS
- INHERITANCE TAX
- Bill affects the following Statutes:
- Tax - General
- (
7-203 ,
7-204
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered