Text: SF00028 Text: SF00030 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 450.98 TAX ELIMINATED.
1 2 This chapter shall not apply, effective July 1, 2001, to
1 3 property of estates of decedents dying on or after July 1,
1 4 2001. The inheritance tax shall not be imposed under this
1 5 chapter in the event the decedent dies on or after July 1,
1 6 2001.
1 7 Sec. 2. NEW SECTION. 450B.8 TAX ELIMINATED.
1 8 This chapter shall not apply, effective July 1, 2001, to
1 9 property of estates of decedents dying on or after July 1,
1 10 2001. The inheritance tax shall not be imposed under this
1 11 chapter in the event the decedent dies on or after July 1,
1 12 2001.
1 13 Sec. 3. CODE EDITOR DIRECTIVE. The Code editor is
1 14 directed to strike chapters 450 and 450B and correct
1 15 appropriate references to chapters 450 and 450B and
1 16 appropriate references to the inheritance tax and qualified
1 17 use inheritance tax effective July 1, 2006.
1 18 EXPLANATION
1 19 This bill repeals the state inheritance tax and the state
1 20 qualified use inheritance tax effective July 1, 2001, for
1 21 property of estates of decedents dying on or after July 1,
1 22 2001. Inheritance tax will not be imposed on any property in
1 23 the event of the death of an individual on or after July 1,
1 24 2001.
1 25 LSB 1750SS 79
1 26 mg/cf/24
Text: SF00028 Text: SF00030 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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