2009 Kansas Code
Chapter 79 TAXATION
Article 15 DEATH TAXES
79-15,216. Same; transfers for insufficient consideration; amount to be included.
79-15,216
79-15,216. Same; transfers for insufficient consideration; amount to be included. If any one of the transfers, trusts, interests, rights or powers enumerated and described in K.S.A. 2009 Supp. 79-15,209 through 79-15,211 and 79-15,214, and amendments thereto, is made, created, exercised or relinquished for a consideration in money or money's worth, but is not a bona fide sale for an adequate and full consideration in money or money's worth, there shall be included in the gross estate only the excess of the fair market value at the time of death of the property otherwise to be included on account of such transaction, over the value of the consideration received therefor by the decedent.
History: L. 2006, ch. 199, § 16; Jan. 1, 2007.
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