2009 Kansas Code
Chapter 79 TAXATION
Article 15 DEATH TAXES
79-15,209. Same; property transferred within one year of death of decedent, presumption; exception.

79-15,209

Chapter 79.--TAXATION Article 15.--DEATH TAXES

      79-15,209.   Same; property transferred within one year of death of decedent, presumption; exception. (a) If the decedent made a transfer, by trust or otherwise, of an interest in any property, or relinquished a power with respect to any property, during the one-year period ending on the date of the decedent's death, and the value of such property, or an interest therein, would have been included in the decedent's gross estate if such transferred interest or relinquished power had been retained by the decedent on the date of death, the value of the gross estate shall include the value of any property, or interest therein, which would have been so included.

      (b)   The provisions of subsection (a) shall not apply to the following:

      (1)   Any transfer, other than a transfer with respect to a life insurance policy, made during a calendar year to any donee if the decedent was not required by section 6019 of the internal revenue code, other than by reason of section 6019(a)(2) of the internal revenue code, to file any gift tax return for such year with respect to transfers to such donee; and

      (2)   any bona fide sale for an adequate and full consideration in money or money's worth.

      History:   L. 2006, ch. 199, § 9; Jan. 1, 2007.