Updating the estate tax exclusion amount.

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AI Summary: The bill aims to adjust the estate tax exclusion amount, which is the value of assets that can be passed on to heirs without incurring estate tax. This adjustment may impact how much individuals can transfer tax-free upon their death. The main provision involves increasing the estate tax exclusion amount, potentially affecting estate planning strategies and tax liabilities for high-net-worth individuals.

Latest Action: First reading, referred to Finance.

Comments Contributions Actions (3) Sponsors (1) Cosponsors (1) Text Versions (1) Roll Calls (0) Amendments (0) View All

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Actions (3):

  • 2023-01-20 : First reading, referred to Finance.

  • 2023-02-09 : Public hearing in the House Committee on Finance at 1:30 PM.

  • 2024-01-08 : By resolution, reintroduced and retained in present status.

Text Versions (1):