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House Journal: Page 1015: Wednesday, March 27, 1996

33   surviving spouse, father or mother, each son and
34   daughter, including legally adopted sons and daughters
35   or biological sons and daughters, stepchildren, and
36   grandchildren, the tax is a charge against and a lien
37   upon the estate subject to tax under this chapter, and
38   all property of the estate or owned by the decedent
39   from the death of the decedent until paid, subject to
40   the following limitation:
41     Sec. 5.  Section 450.9, subsection 1, Code 1995, is
42   amended to read as follows:
43     1.  Surviving spouse, father or mother, son or
44   daughter, including legally adopted sons and daughters
45   or biological sons and daughters, stepchildren, or
46   grandchild, the entire amount of property, interest in
47   property, and income.
48     Sec. 6.  Section 450.9, subsections 2 and 3, Code
49   1995, are amended by striking the subsections.
50     Sec. 7.  Section 450.10, subsection 1, unnumbered

Page   3

 1   paragraph 1, Code 1995, is amended to read as follows:
 2     When the property, interest, or income passes to
 3   the father or mother, or to a child or a lineal
 4   descendant of the decedent, grantor, donor, or vendor,
 5   including a legally adopted child or biological child
 6   entitled to inherit under the laws of this state not
 7   included in subsection 7, the tax imposed shall be on
 8   the individual share so passing in excess of the
 9   exemptions allowed as follows:
10     Sec. 8.  Section 450.10, subsection 2, unnumbered
11   paragraph 1, Code 1995, is amended to read as follows:
12     When the property or any interest therein in
13   property, or income therefrom from property
taxable
14   under the provisions of this chapter passes to the
15   brother or sister, son-in-law, or daughter-in-law, or
16   step-children, the rate of tax imposed on the
17   individual share so passing shall be as follows:
18     Sec. 9.  Section 450.10, subsection 7, Code 1995,
19   is amended to read as follows:
20     7.  Property, interest in property, or income
21   passing to the surviving spouse, father or mother, son
22   or daughter, including legally adopted sons and
23   daughters or biological sons and daughters, stepchild,
24   or grandchild, is not taxable under this section.
25     Sec. 10.  This division of this Act applies to
26   estates of decedents dying on or after July 1, 1996.
27                        DIVISION III
28              SCHOOL PROPERTY TAX
29     Sec. 11.  Section 257.3, subsection 1, unnumbered
30   paragraph 1, Code Supplement 1995, is amended to read
31   as follows:
32     Except as provided in subsections 2 and 3, a A

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

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