Text: SF02137 Text: SF02139 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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, 1998, is not subject to 1 5 tax under this chapter. This chapter is repealed July 1, 1 6 1998, for property of estates of decedents dying on or after 1 7 July 1, 1998. 1 8 Sec. 2. Section 450.4, Code 1997, is amended by adding the 1 9 following new subsection: 1 10 NEW SUBSECTION. 7. On any property of an estate of a 1 11 person dying on or after July 1, 1998. 1 12 Sec. 3. This Act applies to estates of decedents dying on 1 13 or after July 1, 1998. 1 14 EXPLANATION 1 15 Present law provides for exemptions from the state 1 16 inheritance tax of property of decedents passing to surviving 1 17 spouses, children including adopted children, stepchildren and 1 18 other biological children, mothers and fathers, and other 1 19 lineal ascendants and descendants. The bill eliminates the 1 20 state inheritance tax on all other property passing from 1 21 estates of persons dying on or after July 1, 1998. 1 22 LSB 3684SS 77 1 23 mg/cf/24.1
Text: SF02137 Text: SF02139 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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