State Level Estate Tax

State Level Estate Tax

UFE supports progressive taxes at the state level, and has supported estate tax efforts in states including NH and RI.  A tax on inherited wealth is a traditional and common revenue source for states. Prior to the 2001 passage of the federal estate tax cut, every state levied an estate tax that allowed them to "pick-up" a share of federal estate tax revenues. In addition, about a dozen states levied a separate inheritance or estate tax.

Currently, close to half the states levy either an estate or inheritance tax.

Resources:

New Hampshire Estate Tax Action Alert

UFE Testimony to the New Hampshire Legislature (PDF)

Rhode Island Estate Tax Action Alert

UFE Testimony to the Rhode Island Legislature (PDF)



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