Allows an additional estate tax exclusion of $7 million.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Mannix,, Diehl,, Helfrich,, Levy B,, Reschke, Representative Boice,, Drazan,, Elmer,, Lewis,, Owens,, Skarlatos,, Wright,, Yunker,
Last action: 2025-06-27
Official status: In House Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 House
In committee upon adjournment.
2025-02-06 House
Public Hearing held.
2025-01-17 House
Referred to Revenue.
2025-01-13 House
First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act sets the estate tax exclusion amount at $7 million and imposes the tax at a flat rate of seven percent. (Flesch Readability Score: 61.4).
Allows an additional estate tax exclusion of $7 million. Imposes tax at a flat rate of seven percent. Applies to estates of decedents who die on or after January 1, 2026.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to estate tax; prescribing an effective date.
Current location: In House Committee