Relating to estate tax treatment of family-owned business; prescribing an effective date.
Summary
Allows exclusion from taxable estate for value of interest in family-owned business. Applies to estates of decedents dying on or after January 1, 2020. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2019
Last action Jul 1, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Jul 1, 2019
Upper · Passed
In committee upon adjournment.
upper
Jan 15, 2019
Committee
Referred to Finance and Revenue.
upper
Jan 14, 2019
Introduced
Introduction and first reading. Referred to President's desk.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Hansell
RRepublican
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