Governor’s Tax Bills Headed to His Desk

The state Senate passed two tax bills – lowering the sales tax on food and raising the exemption on the inheritance tax – and sent them to the governor, who proposed them in the first place.

The inheritance tax exemption, SB 3762 Norris/ HB 3760 McCormick, phases out the so-called “death tax” paid by those who inherit properties worth more than $1.25 million.

The food sales tax bill, SB 3763 Norris/ HB 3761 McCormick, lowers the tax on grocery items by a quarter of one percent.

At midday there were about 40 additional bills that were still in a position to be passed.