| DIGEST OF INTRODUCED BILL Elimination of inheritance tax. Provides that the inheritance tax does not apply to the transfer of property interests from an individual who dies after June 30, 2005. Provides that the Indiana estate tax does not apply to the transfer of property interests from an individual who dies after December 31, 2004. Provides that the Indiana generation skipping transfer tax does not apply to a generation skipping transfer occurring after December 31, 2004. |