Since the American Taxpayer Relief Act did not bring back the pickup tax - much to the chagrin of states like California, which was counting on it coming back - the number of states that collect a state estate tax and/or a state inheritance tax as of January 1, 2013, sits at 22:
- Connecticut - estate tax
- Delaware - estate tax
- District of Columbia - estate tax
- Hawaii - estate tax
- Illinois - estate tax
- Indiana - inheritance tax
- Iowa - inheritance tax
- Kentucky - inheritance tax
- Maine - estate tax
- Maryland - estate tax and inheritance tax
- Massachusetts - estate tax
- Minnesota - estate tax
- Nebraska - inheritance tax
- New Jersey - estate tax and inheritance tax
- New York - estate tax
- North Carolina - estate tax
- Oregon - estate tax
- Pennsylvania - inheritance tax
- Rhode Island - estate tax
- Tennessee - estate tax
- Vermont - estate tax
- Washington - estate tax
Additional information:
These article topics are much needed. We the public wish to continually learn more about Estate Taxes and related topics. Thank you for more drilling down into them.
Q: are life insurance picked included in these taxes? If so is the fave value used?
Helpful, and appreciated, by why provide only partial information, like the exemption amount in each state with an estate tax without say at what rate(s) greater amounts are taxed?
Also, how about more on details like when property is located in a state other than where one is resident at the time of their death?
The difference for estate tax purposes between “real property” and “personalty”? A limited partnership interest in real estate is “personalty,” while direct ownership of real estate is “real property,” with the former possibly escaping estate taxes because it is a matter of where the holder of that interest resided, not where the property is located?