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2020 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
Universal Citation: IN Code § 6-4.1-5-1 (2020)
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:
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