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OH SB90
Bill
Status
2/23/2011
Primary Sponsor
Kevin Bacon
Click for details
AI Summary
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Repeals Ohio's estate tax effective January 1, 2013 for all estates of individuals dying on or after that date.
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Amends sections 5731.02, 5731.19, and 5731.21 of the Revised Code to add language limiting estate tax liability to deaths occurring before January 1, 2013.
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Eliminates the requirement to file estate tax returns for decedents dying on or after January 1, 2013.
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Maintains existing estate tax obligations and filing requirements for individuals who died before January 1, 2013, with tax rates ranging from 2% to 7% on taxable estates.
Legislative Description
To repeal the estate tax for the estates of individuals dying on or after January 1, 2013.
Estate tax-inapplicable to individuals dying on or after January 1, 2011
Last Action
Committee Report - A
4/14/2011