2020 Louisiana Laws
Revised Statutes
Title 47 - Revenue and Taxation
§2405. Valuation of annuity or usufruct and property subject thereto
RS 2405 - Valuation of annuity or usufruct and property subject thereto
NOTE: Repealed by Acts 2008, No. 822, §1, eff. Jan. 1, 2010.
In fixing the value of any legacy or donation mortis causa which consists in whole or in part of an annuity or usufruct or right of use or habitation, the court shall consider the expectancy of life of the legatee or donee according to the table known as the American Experience Table of Mortality, at six per centum per annum compound interest. The following table shall be used as the basis of fixing such values:
| PRESENT VALUE | PRESENT VALUE | ||
| LIFE | OF NAKED | OF LIFE | |
| EXPECTANCY | OWNERSHIP | USUFRUCT | |
| IN YEARS | OF $1.00 | OF $1.00 | |
| 20 | 42.20 | $ .085548 | $ .914452 |
| 21 | 41.53 | .089967 | .910033 |
| 22 | 40.85 | .092544 | .907456 |
| 23 | 40.10 | .096672 | .903328 |
| 24 | 39.49 | .100197 | .899803 |
| 25 | 38.81 | .104231 | .895769 |
| 26 | 38.12 | .108497 | .891503 |
| 27 | 37.43 | .112975 | .887025 |
| 28 | 36.73 | .117669 | .882331 |
| 29 | 36.03 | .122533 | .877467 |
| 30 | 35.33 | .127675 | .872325 |
| 31 | 34.63 | .132994 | .867006 |
| 32 | 33.93 | .138491 | .861509 |
| 33 | 33.21 | .144448 | .855552 |
| 34 | 32.50 | .150571 | .849429 |
| 35 | 31.78 | .157003 | .842997 |
| 36 | 31.07 | .163604 | .836396 |
| 37 | 30.35 | .170661 | .829339 |
| 38 | 29.62 | .178080 | .821920 |
| 39 | 28.90 | .185664 | .814336 |
| 40 | 28.18 | .193637 | .806363 |
| 41 | 27.45 | .202086 | .797914 |
| 42 | 26.22 | .217073 | .782927 |
| 43 | 26.00 | .219810 | .780190 |
| 44 | 25.27 | .229438 | .770562 |
| 45 | 24.54 | .239430 | .760570 |
| 46 | 23.81 | .249794 | .750206 |
| 47 | 23.08 | .260612 | .739388 |
| 48 | 22.36 | .271850 | .728150 |
| 49 | 21.63 | .283666 | .716334 |
| 50 | 20.91 | .295743 | .704257 |
| 51 | 20.20 | .308275 | .691725 |
| 52 | 19.49 | .321346 | .678654 |
| 53 | 18.79 | .334678 | .665322 |
| 54 | 18.09 | .348559 | .651441 |
| 55 | 17.40 | .362956 | .637044 |
| 56 | 16.73 | .377380 | .622620 |
| 57 | 16.05 | .392532 | .607468 |
| 58 | 15.39 | .408054 | .591946 |
| 59 | 14.74 | .423774 | .576226 |
| 60 | 14.10 | .439797 | .560203 |
| 61 | 13.47 | .456366 | .543634 |
| 62 | 12.86 | .472777 | .527223 |
| 63 | 12.26 | .489655 | .510345 |
| 64 | 11.67 | .506809 | .493191 |
| 65 | 11.10 | .523806 | .476194 |
| 66 | 10.54 | .541327 | .458673 |
| 67 | 10.00 | .558395 | .441605 |
| 68 | 9.47 | .576152 | .423848 |
| 69 | 8.97 | .592963 | .407037 |
| 70 | 8.48 | .610365 | .389635 |
| 71 | 8.00 | .627412 | .372588 |
| 72 | 7.55 | .644352 | .355648 |
| 73 | 7.11 | .660916 | .339084 |
| 74 | 6.68 | .677826 | .322174 |
| 75 | 6.27 | .694187 | .305813 |
| 76 | 5.88 | .710037 | .289963 |
| 77 | 5.49 | .726532 | .273468 |
| 78 | 5.11 | .742605 | .257395 |
| 79 | 4.74 | .758915 | .241085 |
| 80 | 4.39 | .774608 | .225392 |
| 81 | 4.05 | .789852 | .210148 |
| 82 | 3.71 | .805876 | .194124 |
| 83 | 3.39 | .821084 | .178916 |
| 84 | 3.08 | .835817 | .164183 |
| 85 | 2.77 | .851206 | .148794 |
| 86 | 2.47 | .866319 | .133681 |
| 87 | 2.18 | .880928 | .119072 |
| 88 | 1.91 | .894442 | .105558 |
| 89 | 1.66 | .908152 | .091848 |
| 90 | 1.42 | .920968 | .079032 |
| 91 | 1.19 | .933250 | .066750 |
| 92 | .98 | .944528 | .055472 |
| 93 | .80 | .954717 | .045283 |
| 94 | .64 | .963773 | .036227 |
| 95 | .50 | .971698 | .028302 |
The value of said usufruct or right of use or habitation, determined as herein provided, shall be deducted from the value of the property on which it rests, in arriving at the value of the said property for the purpose of fixing the inheritance tax due by the person or persons inheriting the same.
Amended by Acts 1976, No. 440, §1, eff. Jan. 1, 1977; Acts 2008, No. 822, §1, eff. Jan. 1, 2010.
