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2021 SESSION

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HB 2157 Estate tax; reinstates the tax for persons dying on or after July 1, 2021.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2021. The bill provides that no estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely held business or a working farm. The bill designates revenues from the estate tax to be used for health care purposes.


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