Inheritance Tax – Perpetual Conservation Easement – Farming Purposes – Exemption

Bill Number:  HB0198

Bill Sponsor(s):  Delegate Leudtke

Subject:  Ways and Means

Bill Summary:

Providing an exemption from the inheritance tax for real property subject to a certain perpetual conservation easement that passes from a decedent to a niece or nephew of the decedent; requiring the recapture of certain inheritance tax under certain circumstances; and applying the Act to decedents dying after December 31, 2017.

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