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House Bill 1295


House Bill 1295

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


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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