(at the request of former Representative Wayne Krieger
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to a natural resource credit against estate tax; prescribing an effective date.
Catchline/Summary:
Reduces required size of real property and percentage of value of adjusted gross estate necessary for real property to qualify for natural resource property credit against estate tax, where real property is forestland or forestland homesites. Reduces required size of real property and percentage of value of adjusted gross estate necessary for real property to qualify for natural resource property credit against estate tax, where real property is forestland or forestland homesites.
Applies to estates of decedents dying on or after January 1, 2022.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3330 House Committee On Revenue
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