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PAG LIN
1 1 Section 1. Section 450.2, Code 1997, is amended by adding
1 2 the following new unnumbered paragraph:
1 3 NEW UNNUMBERED PARAGRAPH. Property passing from estates of
1 4 decedents dying on or after July 1, 1997, is not subject to
1 5 tax under this chapter. This chapter is repealed July 1,
1 6 1997, for property of estates of decedents dying on or after
1 7 July 1, 1997.
1 8 Sec. 2. Section 450.7, Code 1997, is amended by adding the
1 9 following new subsection:
1 10 NEW SUBSECTION. 4. On any property of an estate of a
1 11 person dying on or after July 1, 1997.
1 12 Sec. 3. This Act applies to estates of decedents dying on
1 13 or after July 1, 1997.
1 14 EXPLANATION
1 15 The bill eliminates the state inheritance tax on property
1 16 passing from estates of persons dying on or after July 1,
1 17 1997.
1 18 LSB 1173SS 77
1 19 mg/cf/24
Text: SF00026 Text: SF00028 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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