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House Bill 1295

House Bill 1295

ARCHIVE (2005)

Latest Information


Inheritance tax. Eliminates the classification of transferees for purposes of the inheritance tax. Provides that any transferee other than a surviving spouse is subject to the exemption amount and inheritance tax rates that formerly applied to a Class A transferee. (Under current law a transfer to a surviving spouse is fully exempt from the inheritance tax). Repeals classification of transferees provisions.
Current Status:
In Committee - first House
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