2010 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Petersen
Reinsrtate Estate Tax (language only)

Item 0 #1s

Item 0 #1s


Page 1, line 26, strike "$14,451,432,415" and "$15,181,414,575" and $$29,632,846,990" and enter "$14,553,432,415" and "$15,283,414,575" and "$29,836,846,990"

(This amendment reflects increased General Fund revenue of $102.0 million per year from reinstatement of the estate tax as proposed in a companion amendment included in Section 4. The tax would be reimposed for deceased residents whose gross estates exceed $5.0 million, unless the majority of the assets of the total estate are an interest in a closely held business or working farm. The estimated $102.0 million per year would be used to fund specified community-based Health and Human Resources programs.)