Virginia Lawmakers Fail to Override Veto of Estate Tax Repeal

Vadum, Matthew
April 2003
Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p29
Trade Publication
Virginia lawmakers who support repealing the state's estate tax failed to get enough support to override governor Mark R. Warner's veto of the popular measure, which passed the General Assembly by overwhelming majorities in February 2003. After his veto was sustained, Warner, a Democrat, hailed lawmakers for what he called “a measure of fiscal restraint.” The tax-repeal measure, if enacted, would have reduced general fund revenues by an estimated $78 million in fiscal 2005 and by $133.2 million the following year, according to stateestimates.


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