Relating to estate tax treatment of family-owned business; prescribing an effective date.
The Act makes an interest in a family-owned business not taxed by the estate tax. (Flesch Readability Score: 61.8). Allows an exclusion from a taxable estate for the value of the interest in a family-owned business. Applies to estates of decedents who die on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
← Back to Todd Nash's profile
{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}