Indiana Might Repeal Their Inheritance Tax

From the bill, it appears that the State Legislature of Indiana will attempt to repeal their inheritance tax. The text of bill alters the date that the inheritance tax is suppose to expire from January 1, 2022 to January 1, 2013. Additionally, the new bill states that the individual counties are “not entitled to an inheritance tax replacement amount for a state fiscal year beginning after June 30, 2013.”

See Digest of House BIll 1001, 2013 First Regular Session, Apr. 9, 2013.

Special thanks to Sean J. Fahey (Hall Render Killian Heath & Lyman, P.C.) for bringing this article to my attention.