HB 1027-11_ Filed 01/29/2007, 11:26 Foley
Text Box
PREVAILED Roll Call No. _______
FAILED Ayes _______
WITHDRAWN Noes _______
RULED OUT OF ORDER
[
HOUSE MOTION ____
]
MR. SPEAKER:
I move that House Bill 1027 be amended to read as follows:
SOURCE: Page 1, line 5; (07)MO102732.1. -->
Page 1, between lines 5 and 6, begin a new paragraph and insert:
SOURCE: IC 6-4.1-3-11; (07)MO102732.2. -->
"SECTION 2. IC 6-4.1-3-11 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 11. The first five
hundred seventy-five thousand dollars ($500) ($75,000) of property
interests transferred to a Class B transferee under a taxable transfer or
transfers is exempt from the inheritance tax.
SOURCE: IC 6-4.1-3-12; (07)MO102732.3. -->
SECTION 3. IC 6-4.1-3-12 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 12. The first one
hundred fifty thousand dollars ($100) ($50,000) of property interests
transferred to a Class C transferee under a taxable transfer or transfers
is exempt from the inheritance tax.".
SOURCE: Page 12, line 18; (07)MO102732.12. -->
Page 12, line 18, after "IC 6-4.1-3-10," insert "
IC 6-4.1-3-11, and
IC 6-4.1-3-12, all".
Page 12, line 19, delete "applies" and insert "
apply".
Renumber all SECTIONS consecutively.
(Reference is to HB 1027 as printed January 26, 2007.)
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MO102732/DI 44 2007