VA HB2476 | 2011 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 21 2011 - 25% progression, died in committee
Action: 2011-02-08 - House: Left in Health, Welfare and Institutions
Pending: House Health, Welfare and Institutions Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Estate tax reinstated. Reinstates the estate tax for persons dying on or after July 1, 2011. No estate tax will be imposed on a gross estate (i) whose value is less than $3 million or (ii) if the majority of the assets of the estate is an interest in a closely held business or a working farm. The revenues from the estate tax would first be used for funding staffing standards in nursing homes required to be established under the bill, which staffing standards would require a minimum period of time of direct care services to each resident per 24-hour period.

Tracking Information

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Title

Estate tax; reinstated for persons dying on or after July 1, 2011.

Sponsors


Roll Calls

2011-01-31 - House - House: Subcommittee recommends reporting with amendment(s) (11-Y 0-N) (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2011-02-08 House: Left in Health, Welfare and Institutions
2011-02-02 House: Referred to Committee on Health, Welfare and Institutions
2011-02-02 House: Referred from Finance by voice vote
2011-01-31 House: Subcommittee recommends referring to Committee on Health, Welfare and Institutions
2011-01-31 House: Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
2011-01-24 House: Assigned Finance sub: #1
2011-01-21 House: Referred to Committee on Finance
2011-01-21 House: Presented and ordered printed 11102598D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
321127(n/a)See Bill Text
581901(n/a)See Bill Text
581902(n/a)See Bill Text
581905(n/a)See Bill Text
581912(n/a)See Bill Text

Virginia State Sources


Bill Comments

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