Plain English Breakdown
The plain English breakdown is still being put together. The official documents below are already here.
SB341 • 2025
Reduces the required size of real property and the percentage of value of the adjusted gross estate necessary for real property to qualify for a natural resource property credit against estate tax, where the real property is forestland or forestland homesites.
Reduces the required size of real property and the percentage of value of the adjusted gross estate necessary for real property to qualify for a natural resource property credit against estate tax, where the real property is forestland or forestland homesites.
Taxes
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
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2025-06-27
Senate
In committee upon adjournment.
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2025-01-17
Senate
Referred to Natural Resources and Wildfire.
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2025-01-13
Senate
Introduction and first reading. Referred to President's desk.
Official Summary Text
Digest: The Act makes the amount and percentage of certain forest land required to claim estate credit smaller. (Flesch Readability Score: 61.6). Reduces the required size of real property and the percentage of value of the adjusted gross estate necessary for real property to qualify for a natural resource property credit against estate tax, where the real property is forestland or forestland homesites. Applies to estates of decedents dying on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die. Relating to: Relating to a natural resource credit against estate tax; prescribing an effective date. Current location: In Senate Committee