| || |
DIGEST OF INTRODUCED BILL
Elimination of the inheritance tax. Provides that the inheritance tax does not apply to property interests transferred by decedents whose deaths occur after December 31, 2013. 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. Prohibits the treasurer of state from distributing an inheritance tax replacement amount to any county for a state fiscal year beginning after June 30, 2013.