Relating to a natural resource credit against estate tax; prescribing an effective date.
Summary
Reduces required size of real property and percentage of value of adjusted gross estate necessary for real property to qualify for natural resource property credit against estate tax, where real property is forestland or forestland homesites. Applies to estates of decedents dying on or after January 1, 2022. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
Governor
Introduced Mar 2, 2021
Last action Jun 27, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jun 27, 2021
Lower · Passed
In committee upon adjournment.
lower
Mar 10, 2021
Committee
Referred to Revenue.
lower
Mar 2, 2021
Introduced
First reading. Referred to Speaker's desk.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David Smith
RRepublican
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