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MN HF2809
Bill
Status
Introduced
3/12/2012
Primary Sponsor
Linda Runbeck
Click for details
AI Summary
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Removes the requirement that a decedent "continuously" own qualified small business property for the three-year period ending on death, replacing it with a more general ownership requirement at the decedent's date of death.
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Removes the requirement that a decedent "continuously" own qualified farm property for the three-year period ending on death, replacing it with a more general ownership requirement at the decedent's date of death.
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Both changes apply to estates of decedents dying after June 30, 2012.
Legislative Description
Qualified farm and qualified small business property requirements modified.
Last Action
Introduction and first reading, referred to Taxes
3/12/2012
Committee Referrals
Taxes3/12/2012
Full Bill Text
No bill text available