2019 Indiana Code
Title 6. Taxation
Article 4.1. Death Taxes
Chapter 5. Determination of Inheritance Tax
6-4.1-5-1. Tax rates; transfers to Classes A, B, and C transferees
Sec. 1. (a) For purposes of this section, the net taxable value of property interests transferred by a decedent to a particular transferee equals the remainder of:
(1) the total fair market value of the property interests transferred by the decedent to the transferee under a taxable transfer or transfers; minus
(2) the total amount of exemptions and deductions provided under sections 9.1 through 15 of IC 6-4.1-3 (before its repeal) with respect to the property interests so transferred.
(b) The inheritance tax imposed on a decedent's transfer of property interests to a particular Class A transferee is prescribed in the following table:
NET TAXABLE VALUE OF PROPERTY INTERESTS TRANSFERRED | INHERITANCE TAX | ||
$25,000 or less | 1% of net taxable value | ||
over $25,000 but not | |||
over $50,000 | $250, plus 2% of net | ||
taxable value over $25,000 | |||
over $50,000 but not | |||
over $200,000 | $750, plus 3% of net taxable value over $50,000 | ||
over $200,000 but not | |||
over $300,000 | $5,250, plus 4% of net taxable value over $200,000 | ||
over $300,000 but not | |||
over $500,000 | $9,250, plus 5% of net taxable value over $300,000 | ||
over $500,000 but not | |||
over $700,000 | $19,250, plus 6% of net taxable value over $500,000 | ||
over $700,000 but not | |||
over $1,000,000 | $31,250, plus 7% of net taxable value over $700,000 | ||
over $1,000,000 but not | |||
over $1,500,000 | $52,250, plus 8% of net taxable value over $1,000,000 | ||
over $1,500,000 | $92,250, plus 10% of net taxable value over $1,500,000 | ||
(c) The inheritance tax imposed on a decedent's transfer of property interests to a particular Class B transferee is prescribed in the following table:
NET TAXABLE VALUE OF PROPERTY INTERESTS TRANSFERRED | INHERITANCE TAX | ||
$100,000 or less | 7% of net taxable value | ||
over $100,000 but not | |||
over $500,000 | $7,000, plus 10% of net taxable value over $100,000 | ||
over $500,000 but not | |||
over $1,000,000 | $47,000, plus 12% of net taxable value over $500,000 | ||
over $1,000,000 | $107,000, plus 15% of net taxable value over $1,000,000 | ||
(d) The inheritance tax imposed on a decedent's transfer of property interests to a particular Class C transferee is prescribed in the following table:
NET TAXABLE VALUE OF PROPERTY INTERESTS TRANSFERRED | INHERITANCE TAX | |||
$100,000 or less | 10% of net taxable value | |||
over $100,000 but not | ||||
over $1,000,000 | $10,000, plus 15% of net taxable value over $100,000 | |||
over $1,000,000 | $145,000, plus 20% of net taxable value over $1,000,000 | |||
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1977(ss), P.L.6, SEC.7; Acts 1979, P.L.75, SEC.10; Acts 1980, P.L.57, SEC.12; P.L.87-1983, SEC.5; P.L.86-2018, SEC.78.
