HB1414
Estate tax; reinstates tax for persons dying on and after July 1, 2024.
Summary
As Introduced. Reinstatement of the estate tax.
Reinstates the estate tax for persons dying on and after July 1, 2024. 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 ... (More) designates revenues from the estate tax to be used for early childhood care and education purposes. (Less)-
Bill History
- 01/17/2024 - House: Presented and ordered printed 24104291D
- 01/17/2024 - House: Referred to Committee on Finance
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #3
- 02/03/2024 - House: Impact statement from TAX (HB1414)
- 02/05/2024 - House: House subcommittee amendments and substitutes offered
- 02/05/2024 - House: Subcommittee recommends continuing to 2025 with substitute (7-Y 0-N)
- 02/07/2024 - House: Committee substitute posted to LIS only 24107085D-H1
- 02/07/2024 - House: Continued to 2025 with substitute in Finance
