With Richard Franklin, Richard Franklin, Richard Franklin, Richard Franklin
The Commonwealth of Virginia will no longer impose a state estate tax, effective for the estates of decedents who die after July 1, 2007. On August 28, 2006, the General Assembly approved changes made to H.B. 5019 and S.B. 5019 by Virginia Governor Timothy Kaine. The identical bills repealed the Commonwealth’s estate tax and modified its land conservation tax credit program.