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Senate Bill 0234


Senate Bill 0234

ARCHIVE (2000)

Latest Information

 

DIGEST OF INTRODUCED BILL


Elimination of the inheritance tax. Provides a complete exemption from inheritance tax for property interests transferred to lineal descendants or ancestors with respect to persons who die after June 30, 2000. Phases out the inheritance tax on property interests transferred to other categories of transferees by increasing exemptions. Provides that no inheritance tax will be imposed upon property interests transferred to other categories of transferees with respect to persons who die after June 30, 2002.
    Current Status:
     In Committee - first House
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