SB 1138 Estate tax; confirmity of state and federal statutes.
Emmett W. Hanger, Jr. | all patrons    ...    notes
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Summary as introduced:
Estate tax. Conforms the amount of Virginia estate tax due from an estate to the maximum amount of the federal estate tax credit for state estate taxes. Under current state law the amount of Virginia estate tax cannot be less than the federal credit under federal law as federal law existed on January 1, 1978. Because under current federal law there is no federal estate tax credit for state estate taxes, the bill effectively eliminates the Virginia estate tax.

Full text:
01/12/05  Senate: Prefiled & ordered printed; offered 01/12/05 056182732  pdf | impact statement

Status:
01/12/05  Senate: Prefiled & ordered printed; offered 01/12/05 056182732
01/12/05  Senate: Referred to Committee on Finance
02/08/05  Senate: Left in Finance