Rep. Tony M. McCombie
Filed: 3/1/2023
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| 1 | AMENDMENT TO HOUSE BILL 1459
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| 2 | AMENDMENT NO. ______. Amend House Bill 1459 on page 3, by | ||||||
| 3 | replacing lines 20 through 25 with the following:
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| 4 | "and prior to January 1, 2024, (iv) for persons dying on or | ||||||
| 5 | after January 1, 2024 and prior to January 1, 2026, the | ||||||
| 6 | applicable exclusion amount calculated under Section 2010 of | ||||||
| 7 | the Internal Revenue Code, including any deceased spousal | ||||||
| 8 | unused exclusion amount available after a valid election is | ||||||
| 9 | made under subparagraph (A) of paragraph (5) of subsection (c) | ||||||
| 10 | of that Section, and (v) for persons dying on or after January | ||||||
| 11 | 1, 2026, the greater of (1) the applicable exclusion amount | ||||||
| 12 | calculated under Section 2010 of the Internal Revenue Code, | ||||||
| 13 | including any deceased spousal unused exclusion amount | ||||||
| 14 | available after a valid election is made under subparagraph | ||||||
| 15 | (A) of paragraph (5) of subsection (c) of that Section, or (2) | ||||||
| 16 | the amount that would have been calculated under Section 2010 | ||||||
| 17 | of the Internal Revenue Code, including any deceased spousal | ||||||
| 18 | unused exclusion amount available after a valid election is | ||||||
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| 1 | made under subparagraph (A) of paragraph (5) of subsection (c) | ||||||
| 2 | of that Section, if the decedent had died in calendar year | ||||||
| 3 | 2025, and".
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