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House Finance hears bill to roll back 2025 estate-tax rate increases
Summary
The House Finance Committee heard Senate Bill 6347, which would revert estate-tax rates enacted in 2025 to prior levels beginning for decedents dying on or after July 1, 2026. Testimony split between advocates for revenue stability and proponents of relief for estates and family businesses.
The House Finance Committee on Feb. 26 heard Senate Bill 6347, a measure to restore estate-tax rates that were increased in 2025. Committee staff said the bill returns the graduated rate schedule to roughly 10–20% for decedents dying on or after July 1, 2026, while keeping the CPI-based exclusion adjustment.
Tracy Taylor, committee staff, told the committee the bill would reduce revenues to the Education Legacy Trust account beginning in fiscal year 2027 and that a fiscal note is available on the legislative fiscal files.
Public testimony split sharply. John…
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