SB 1511 — Converts the $1 million exclusion for an estate subject to tax to a deduction of $2.5 million
Congress · introduced 2026-01-14
<b>Digest: The Act increases the amount of an estate that is not taxed and changes estate tax rates. (Flesch Readability Score: 75.1).</b> [<i>Digest: The Act tells the LRO to study the estate tax. (Flesch Readability Score: 95.1).</i>] [<i>Requires the Legislative Revenue Officer to study the estate tax. Directs the Legislative Revenue Officer to submit findings to the interim committees of the Legislative Assembly related to revenue not later than December 1, 2027.</i>] <b>Converts the $1 million exclusion for an estate subject to tax to a deduction of $2.5 million. Phases in the tax above the deduction. Raises the filing threshold for an estate tax return. Adjusts the deduction and filing threshold for inflation. Adjusts estate tax rates.</b> <b>Applies to the estates of decedents dying on or after January 1, 2027. </b> <b>Takes effect on the 91st day following adjournment sine die.</b>
Latest action: — In House Committee
Sponsors
No sponsorships on file.
Action timeline
- · state_upper — Introduction and first reading. Referred to President's desk.
- · state_upper — Referred to Finance and Revenue.
- · state_upper — Public Hearing held.
- · state_upper — Work Session held.
- · state_upper — Recommendation: Do pass with amendments. (Printed A-Eng.)
- · state_upper — Second reading.
- · state_upper — Third reading. Carried by Broadman. Passed.
- · state_lower — First reading. Referred to Speaker's desk.
- · state_lower — Referred to Revenue.
- · state_lower — Informational Meeting held.
- · state_lower — Public Hearing held.
- · state_lower — In committee upon adjournment.
Text versions
No text versions on file yet — same ingest as the action timeline populates these. Each version has direct links to the XML / HTML / PDF at govinfo.gov.
Predicted vote
Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.
0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)
By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no