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Bill > H7147


RI H7147

RI H7147
Estate And Transfer Taxes


summary

Introduced
01/12/2018
In Committee
01/12/2018
Crossed Over
Passed
Dead
06/25/2018

Introduced Session

2018 Regular Session

Bill Summary

Repeals the state estate tax.

AI Summary

This bill repeals the state estate tax. The existing law imposed a tax on the transfer of the net estate of every resident or nonresident decedent, with tax rates ranging from 2% to 9% depending on the size of the estate. The bill completely removes these estate tax provisions, eliminating the state estate tax.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Committee recommended measure be held for further study (on 05/08/2018)

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