2006 Regular Session

SENATE BILL 545

CHAPTER NUMBER: 30 File Code: Taxes - Miscellaneous
Sponsored By:
Senator Giannetti
Entitled:
Inheritance Tax - Exemption for Property Passing to Family Partnership or Limited Liability Company

Synopsis:

Providing an exemption from the inheritance tax for property passing to or for the use of partnerships or limited liability companies consisting of specified family members; and applying the Act to decedents dying after June 30, 2006.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
2/8
Hearing 2/15 at 1:00 p.m.
2/10
Hearing cancelled
Hearing 2/15 at 12:30 p.m.
2/27
Favorable Report by Budget and Taxation
2/28
Favorable Report Adopted
Second Reading Passed
3/2
Third Reading Passed (45-0)
3/30
Returned Passed
House Action
3/3
First Reading Ways and Means
3/15
Hearing 3/30 at 1:00 p.m.
3/31
Favorable Report by Ways and Means
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (135-1)
Action after passage in Senate and House
4/6
Signed by the Governor Chapter 30

Bill indexed under the following Subjects:

ESTATES AND TRUSTS
EXEMPTIONS
INHERITANCE TAX
LIMITED LIABILITY COMPANIES
PARTNERSHIPS

Bill affects the following Statute:

Tax - General
( 7-203 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
March 2, 2006: Third Reading Passed (45-0)
House
March 30, 2006: Third Reading Passed (135-1)