Introduced by: Vivian E. Watts | all patrons … notes | add to my profiles
SUMMARY AS INTRODUCED:
Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2021. The bill provides that no estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely held business or a working farm. The bill designates revenues from the estate tax to be used for health care purposes.