In an interview earlier this week, House Minority Leader Tony McCombie discussed legislation on the estate tax, including her own initiative, and the opportunity for estate tax reform to become a reality this session.
“Oftentimes, it’s considered a double tax,” McCombie said of the estate tax. “So, I can’t believe that government would think that’s a good idea.”
The Representative introduced House Bill 1459 in January, and earned an initial subject matter hearing back in March. Her bill would address the estate tax and prevent any double taxation.
The estate tax related legislation has largely been a Republican initiative, but McCombie indicated a chance of bipartisan agreement to make changes to the tax adding that “estate tax reform should only be part of a larger overhaul of the state’s tax system and how it spends those dollars.”