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IN SB0294

Bill

Official Source

Status

Introduced

1/8/2013

Primary Sponsor

Lonnie Randolph

Click for details

Origin

Senate

2013 Regular Session

AI Summary

SB 294 Summary

  • Increases inheritance tax exemption for Class B transferees from $500 to $100,000 for deaths occurring after June 30, 2013.
  • Increases inheritance tax exemption for Class C transferees from $100 to $50,000 for deaths occurring after June 30, 2013.
  • Maintains original exemption amounts ($500 for Class B and $100 for Class C) for decedents who die before July 1, 2013.
  • Effective date is July 1, 2013.

Legislative Description

Inheritance tax.

Last Action

First reading: referred to Committee on Appropriations

1/8/2013

Committee Referrals

Appropriations1/8/2013

Full Bill Text

No bill text available