Virginia House Bill 419 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 10 2012 - 25% progression, died in committee
Action: 2012-02-14 - House: Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Estate tax reinstated. Reinstates the estate tax for persons dying on or after July 1, 2012. No estate tax will be imposed on a gross estate 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.

Estate tax; reinstated for persons dying on or after July 1, 2012.

Del. David Englin [D]

Sen. Scott Surovell [D]

Del. Vivian Watts [D]

Date	Chamber	Action
2012-02-14		House: Left in Finance
2012-01-25		House: Subcommittee recommends laying on the table by voice vote
2012-01-20		House: Assigned Finance sub: #2
2012-01-10		House: Referred to Committee on Finance
2012-01-10		House: Prefiled and ordered printed; offered 01/11/12 12101398D

Chapter	Article	Section	Citation Type	Statute Text
32	1	127	(n/a)	See Bill Text
58	1	901	(n/a)	See Bill Text
58	1	902	(n/a)	See Bill Text
58	1	905	(n/a)	See Bill Text
58	1	912	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB419
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB419+hil