House passes estate tax fix

Associated PressJune 13, 2013 

— The House has approved a legislative fix to a court ruling on the estate tax, a move meant to prevent issuing millions of dollars in refunds that were set to start going out Friday morning.

The House voted Thursday on the measure, passing it on a 53-33 vote and sending it over to the Senate, which could take action on it later in the day. House leaders say the language of the bill has been agreed to by the Senate, however, Senate leaders say a deal isn’t in place just yet.

Officials said the state could have to pay out $160 million over the next two years if the fix isn’t made to the law. The figure includes more than $92 million in refunds, nearly $5 million in cancellation of assessments that haven’t yet been paid, and $63 million less in future collections through the middle of 2015.

Check back for an update on this story.

Tri-City Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service