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1998 SESSION

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HB 880 Small estates.

Introduced by: John H. Tate, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Small estates. Increases from $5,000 to $10,000 the maximum value of an estate for purposes of (i) allowing fiduciaries to qualify without surety on their bond and (ii) waiving an inventory when an heir, beneficiary or creditor qualifies. The minimum value of an estate requiring the filing of a tax return is also increased from $5,000 to $10,000. Finally, the bill requires that the value of an estate for tax purposes is determined at the time of death, eliminating the alternate valuation date previously allowed under the federal estate tax law.

The bill is recommended by the Judicial Council. This bill is incorporated into HB 344.

FULL TEXT

• 01/26/98  House: Presented & ordered printed 988351837  pdf

HISTORY

• 01/26/98  House: Presented & ordered printed 988351837
• 01/26/98  House: Referred to Committee for Courts of Justice
• 02/02/98  House: Assigned to C. J. sub-committee: 2
• 02/13/98  House: No action taken by Courts of Justice by voice vote
• 02/13/98  House: Incorporated in other legislation (HB0344-Watts)