SB 188
Allows exclusion from taxable estate for value of decedent's principal residence.
| Status | In Senate Committee (SFR) |
| Session | 2019 Regular Session |
| Requested by | (at the request of Senate Interim Committee on Finance and Revenue) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Allows exclusion of a decedent’s principal residence value from their taxable estate.
Overview#
Allows exclusion from taxable estate for value of decedent’s principal residence. Applies to estates of decedents dying on or after January 1, 2020. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | S | Introduction and first reading. Referred to President's desk. |
| 2019-01-15 | S | Referred to Finance and Revenue. |
| 2019-02-13 | S | Public Hearing held. |
| 2019-06-30 | S | In committee upon adjournment. |