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Virginia · 2025 Regular Session · Bill

HB 1414: Estate tax; reinstates tax for persons dying on and after July 1, 2024.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 1414 is a bill introduced in the Virginia House on January 17, 2024. According to its official title, it concerns: Estate tax; reinstates tax for persons dying on and after July 1, 2024. Primary sponsor: Elizabeth Bennett-Parker (Democratic). Most recent recorded action (November 18, 2024): Left in Finance.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Reinstatement of the estate tax. Reinstates the estate tax for persons dying on and after July 1, 2024. The bill provides that no estate tax shall be imposed on a gross estate if the majority of the assets of the estate are an interest in a closely held business or a working farm. The bill designates revenues from the estate tax to be used for early childhood care and education purposes.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Elizabeth Bennett-ParkerPrimary sponsorDemocraticSenate39

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Left in Finance
  2. Continued to 2025 with substitute in Finance (Voice Vote)
  3. Committee substitute posted to LIS only 24107085D-H1
  4. Subcommittee recommends continuing to 2025 with substitute (7-Y 0-N)
  5. House subcommittee amendments and substitutes offered
  6. Impact statement from TAX (HB1414)
  7. Assigned Finance sub: Subcommittee #3
  8. Referred to Committee on Finance
  9. Presented and ordered printed 24104291D

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source