100 percent increase in state death tax proposed

The legislative tax floodgates have opened. Today Representatives Chase, Williams, Hunt, Dickerson, Flannigan, and Moeller introduced a bill that would increase the state's death tax by 100%. HB 3184 would raise the top state death tax rate from 19% to 38%. The tax rate in the lower brackets would also be increased by 100% Last year WPC's Carl Gipson (Small Business Center Director) highlighted how repeal of the state's death tax would help grow the economy and lead to job creation.