Saturday, May 30, 2015
Republican lawmakers in the State of Delaware have recently introduced legislation that will get rid of the State’s estate tax. The bill adheres to recommendations made by a state panel that was formed by Democratic Governor Jack Markell. The Panel noted that the Delaware estate tax does not bring in much revenue and might actually be costing the State money by giving wealthy individuals an incentive to move elsewhere.
See Randall Chase, Republican lawmakers introduce bill to eliminate estate tax, Washington Times, May 29, 2015.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.