Legislation

Title: Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption
Sponsored by: Delegates Luedtke, Afzali, Beidle, Carey, Jameson, Krebs, W. Miller, Rose, and Shoemaker
Status: Approved by the Governor - Chapter 293
Analysis: Fiscal and Policy Note

Synopsis

Providing an exemption from the inheritance tax for real property subject to a certain perpetual conservation easement that passes from a decedent to a niece or nephew of the decedent; requiring the recapture of certain inheritance tax under certain circumstances; and applying the Act to decedents dying after December 31, 2017.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 1/18/2018 Legislative Date 1/18/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption Proceedings
Chamber House Calendar Date 1/18/2018 Legislative Date 1/18/2018 Action Hearing 1/31 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/15/2018 Legislative Date 3/15/2018 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 3/15/2018 Legislative Date 3/12/2018 Action Favorable Adopted Second Reading Passed Proceedings 46 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption Proceedings
Chamber House Calendar Date 3/17/2018 Legislative Date 3/13/2018 Action Third Reading Passed (135-0) Proceedings 47AClick to view Recorded Media
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/16/2018 Action Referred Budget and Taxation Proceedings 48BClick to view Recorded Media
Chamber Senate Calendar Date 3/21/2018 Legislative Date 3/21/2018 Action Hearing 3/28 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2018 Legislative Date 4/05/2018 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/05/2018 Legislative Date 3/31/2018 Action Favorable Adopted Proceedings 62AClick to view Recorded Media
Chamber Senate Calendar Date 4/05/2018 Legislative Date 3/31/2018 Action Second Reading Passed Proceedings 62AClick to view Recorded Media
Chamber Senate Calendar Date 4/06/2018 Legislative Date 4/01/2018 Action Third Reading Passed (44-0) Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/06/2018 Legislative Date 3/29/2018 Action Returned Passed Proceedings 63 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/24/2018 Legislative Date 4/24/2018 Action Approved by the Governor - Chapter 293 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/18/2018	1/18/2018	First Reading Ways and Means
			Text - First - Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption
House	1/18/2018	1/18/2018	Hearing 1/31 at 2:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/15/2018	3/15/2018	Favorable Report by Ways and Means
House	3/15/2018	3/12/2018	Favorable Adopted Second Reading Passed	46 Click to view Recorded Media
			Text - Third - Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption
House	3/17/2018	3/13/2018	Third Reading Passed (135-0)	47AClick to view Recorded Media
Senate	3/19/2018	3/16/2018	Referred Budget and Taxation	48BClick to view Recorded Media
Senate	3/21/2018	3/21/2018	Hearing 3/28 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/05/2018	4/05/2018	Favorable Report by Budget and Taxation
Senate	4/05/2018	3/31/2018	Favorable Adopted	62AClick to view Recorded Media
Senate	4/05/2018	3/31/2018	Second Reading Passed	62AClick to view Recorded Media
Senate	4/06/2018	4/01/2018	Third Reading Passed (44-0)	63 Click to view Recorded Media
House	4/06/2018	3/29/2018	Returned Passed	63 Click to view Recorded Media
Post Passage	4/24/2018	4/24/2018	Approved by the Governor - Chapter 293
			Text - Chapter - Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption

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Statutes