Introduced Version






HOUSE BILL No. 1222

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-4.1-0.5.

Synopsis: Death taxes. Provides that the inheritance tax, Indiana estate tax, and the Indiana generation skipping transfer tax do not apply after June 30, 2008.

Effective: July 1, 2008.





Crouch




    January 14, 2008, read first time and referred to Committee on Ways and Means.







Introduced

Second Regular Session 115th General Assembly (2008)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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HOUSE BILL No. 1222



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-4.1-0.5; (08)IN1222.1.1. -->     SECTION 1. IC 6-4.1-0.5 IS ADDED TO THE INDIANA CODE AS A NEW CHAPTER TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2008]:
    Chapter 0.5. Application
    Sec. 1. This article does not apply to:
        (1) a property interest transferred from the estate of an individual who dies after June 30, 2008; or
        (2) the estate of an individual who dies after June 30, 2008.