| || |
DIGEST OF INTRODUCED BILL
Inheritance tax. Provides that the inheritance tax does not apply to property interests transferred by decedents whose deaths occur after December 31, 2012. Specifies that certain definitions apply after the elimination of the inheritance tax for purposes of the Indiana estate tax and the Indiana generation-skipping transfer tax. Provides that a county is not entitled to an inheritance tax replacement amount after December 31, 2013.