Substitute for Raised S.B. No. 1136
Session Year 2019


AN ACT ESTABLISHING A CREDIT AGAINST THE ESTATE TAX AND REQUIRING RECOMMENDATIONS FOR THE ESTABLISHMENT OF A SOCIAL IMPACT BONDING PROGRAM.

To (1) establish a credit against the estate tax for amounts invested by a decedent in certain bonds or funds, (2) require the Commissioner of Economic and Community Development to submit legislative recommendations to establish a social impact bonding program, and (3) impose a one and one-half per cent tax on the net gain from the sale or exchange of capital assets for certain taxpayers and dedicate such tax revenue to certain purposes.


Other Bills with Similar Topics

  Bonds 

  Capital gains and dividends tax 

  Economic and Community Development, Department of 

 

  Estate tax 

  Investments 

  Reports 

 

  State funds 

 

  State Treasurer