Virginia Governor Buries Estate Tax Repeal

Vadum, Matthew
March 2003
Bond Buyer;3/25/2003, Vol. 343 Issue 31600, p4
Trade Publication
Mark R. Warner, governor of Virginia, vetoed a legislation on March 24, 2003 that would have eliminated the state's estate tax, but state lawmakers may override his veto and enact the bill without his signature at a special “ veto session ” next week. The tax-repeal measure, if enacted, would reduce general fund revenues by an estimated 78 million dollars in fiscal 2005 and by 133.2 million dollars the following year. Discussion on the expectations of supporters of the estate tax repeal.


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