Kentucky Revised Statutes Title XI. Revenue and Taxation § 140.070.Inheritance tax rates

Current as of January 01, 2024 | Updated by FindLaw Staff

The tax upon transfers of property as defined in the preceding sections of this chapter shall be at the following rates:

(1) Class A. In case the transfer is to or for the benefit of a parent, surviving spouse, child by blood, stepchild, child adopted during infancy, child adopted during adulthood who was reared by the decedent during infancy or a grandchild who is the issue of a child by blood, the issue of a stepchild, the issue of a child adopted during adulthood who was reared by the decedent during infancy, the issue of a child adopted during infancy, brother, sister, or brother or sister of the half blood, the tax, subject to the provisions of KRS 140.080, shall be:

	On its value not exceeding $20,000․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․2%
	On its value exceeding $20,000, but not exceeding $30,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․3%
	On its value exceeding $30,000, but not exceeding $45,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․4%
	On its value exceeding $45,000, but not exceeding $60,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․5%
	On its value exceeding $60,000, but not exceeding $100,000․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․6%
	On its value exceeding $100,000, but not exceeding $200,000․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․7%
	On its value exceeding $200,000, but not exceeding $500,000․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․8%
	On its value exceeding $500,000․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․10%

(2) Class B. In case the transfer is to or for the benefit of a nephew, niece, or a nephew or niece of the half blood, daughter-in-law, son-in-law, aunt or uncle, or a great-grandchild who is the grandchild of a child by blood, of a stepchild or of a child adopted during infancy, the tax, subject to the provisions of KRS 140.080, shall be:

	On its value not exceeding $10,000․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․4%
	On its value exceeding $10,000, but not exceeding $20,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․5%
	On its value exceeding $20,000, but not exceeding $30,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․6%
	On its value exceeding $30,000, but not exceeding $45,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․8%
	On its value exceeding $45,000, but not exceeding $60,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․10%
	On its value exceeding $60,000, but not exceeding $100,000․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․12%
	On its value exceeding $100,000, but not exceeding $200,000․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․14%
	On its value exceeding $200,000․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․16%

(3) Class C. In case the transfer is to or for the benefit of any educational, religious, or other institutions, societies, or associations, or to any cities, towns, or public institutions not exempted by KRS 140.060, or to any person not included in either Class A or Class B, the tax, subject to the provisions of KRS 140.080 shall be:

	On its value not exceeding $10,000․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․6%
	On its value exceeding $10,000, but not exceeding $20,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․․8%
	On its value exceeding $20,000, but not exceeding $30,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․10%
	On its value exceeding $30,000, but not exceeding $45,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․12%
	On its value exceeding $45,000, but not exceeding $60,000․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․14%
	On its value exceeding $60,000․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․	․․․․․․16%

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XI. Revenue and Taxation § 140.070.Inheritance tax rates - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xi-revenue-and-taxation/ky-rev-st-sect-140-070/

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