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S06706 Summary:

BILL NOS06706
 
SAME ASSAME AS A09471
 
SPONSORRITCHIE
 
COSPNSRO'MARA, SERINO
 
MLTSPNSR
 
Amd §952, Tax L
 
Makes provisions, in the case of a decedent dying on or after April 1, 2016, where the decedent's estate includes a farm operation valued at more than fifty percent of the value of the entire estate at the time of death, to provide the basic exclusion shall be equal to five million dollars multiplied by one plus the cost-of-living adjustment.
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