The proposal would eliminate the estate tax that heirs currently pay when a relative dies and instead tax inherited property only when it is later sold, using a 6 % rate plus 3 % simple interest that is capped at 6 % of the property’s value.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB06830. Status changes over time; check the link for the latest.
HB06830 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.