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Missouri Revised Statutes Title X. Taxation and Revenue § 145.995. Generation-skipping credit tax imposed--amount

Current as of January 01, 2023 | Updated by FindLaw Staff

1. A generation-skipping credit tax is imposed on every generation-skipping transfer which consists in whole or in part of property having a tax situs within the state of Missouri. The Missouri generation-skipping credit tax shall be the maximum credit for state death taxes allowed by Internal Revenue Code, section 2604.  1

2. The other sections of sections 145.011 to 145.995 shall be applied by substituting:

(1) “Missouri generation-skipping credit tax” for “Missouri estate tax”;

(2) “Tax imposed by section 145.995” for “tax imposed by section 145.011”;

(3) “Property included in the generation-skipping transfer” for “gross estate”;

(4) “Generation-skipping tax credit” for “credit for state death taxes”; and

(5) “Federal generation-skipping tax return” for “federal estate tax return”.

1 26 U.S.C.A. § 2604.
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Cite this article: FindLaw.com - Missouri Revised Statutes Title X. Taxation and Revenue § 145.995. Generation-skipping credit tax imposed--amount - last updated January 01, 2023 | https://codes.findlaw.com/mo/title-x-taxation-and-revenue/mo-rev-st-145-995/

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