2005 Minnesota Statutes - 291.03 — Rates.

     291.03 Rates. 


    Subdivision 1.    Tax amount.  The tax imposed shall be 
 an amount equal to the proportion of the maximum credit for 
 state death taxes computed under section 2011 of the Internal 
 Revenue Code, as amended through December 31, 2000, but using 
 Minnesota adjusted taxable estate instead of federal adjusted 
 taxable estate, as the Minnesota gross estate bears to the value 
 of the federal gross estate.  The tax determined under this 
 paragraph shall not be greater than the amount computed by 
 applying the rates and brackets under section 2001(c) of the 
 Internal Revenue Code to the Minnesota adjusted gross estate and 
 subtracting the federal credit allowed under section 2010 of the 
 Internal Revenue Code of 1986, as amended through December 31, 
 2000.  For the purposes of this section, expenses which are 
 deducted for federal income tax purposes under section 642(g) of 
 the Internal Revenue Code as amended through December 31, 2002, 
 are not allowable in computing the tax under this chapter. 


    Subd. 2. Repealed, 2002 c 377 art 12 s 18 


    Subd. 3. Repealed, 1Sp1985 c 14 art 13 s 14 


    Subd. 4. Repealed, 1Sp1985 c 14 art 13 s 14 


    Subd. 5. Repealed, 1Sp1985 c 14 art 13 s 14 


    Subd. 6. Repealed, 1Sp1985 c 14 art 13 s 14 


    Subd. 7. Repealed, 1Sp1985 c 14 art 13 s 14 


    HIST: (2293) 1905 c 288 s 2; 1911 c 372 s 2; 1913 c 455 s 1,2; 
 1919 c 410 s 2a; 1927 c 205 s 1,2; 1939 c 338 s 2a; 1943 c 504 s 
 3; Ex1959 c 70 art 4 s 1; 1963 c 107 s 1; 1973 c 185 s 2; 1976 c 
 320 s 1; 1979 c 303 art 3 s 4; 1980 c 439 s 7; 1981 c 49 s 3; 
 3Sp1981 c 2 art 6 s 3; 1982 c 523 art 26 s 3; 1983 c 222 s 23; 
 1Sp1985 c 14 art 13 s 3; 2002 c 377 art 12 s 12; 2002 c 400 s 
 11; 2003 c 127 art 3 s 17; 2005 c 151 art 6 s 20