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    WITHDRAWN        Noes _______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.)

________________________________________

Representative Foley


MO102732/DI 44     2007