In computing the tax on the net estate, the entire amount of property, interest in property, and income passing to the surviving spouse, and parents, grandparents, great- grandparents, and other lineal ascendants, children including legally adopted children and biological children entitled to inherit under the laws of this state, stepchildren, and grandchildren, great-grandchildren, and other lineal descendants are exempt from tax.
[C31, 35, § 7312-d1; C39, § 7312.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 450.9; 81 Acts, ch 147, § 3, 19]
91 Acts, ch 159, §23, 24; 94 Acts, ch 1046, §10; 97 Acts, ch 1, §2, 8
Referred to in § 450.22
1997 amendment applies to estates of decedents dying on or after July 1, 1997; 97 Acts, ch 1, §8
Previous Section 450.8
Next Section 450.10
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/450/9.html
jhf