Transfers by deed of trust with powers reserved in transferor
Sec. 6. If a transferor transfers property by a deed of trust in such
a manner that he reserves to:
(1) himself any interest; or
(2) himself and others powers of revocation, alteration, or
amendment which if exercised would cause the property to
revert to the transferor;
then the inheritance tax imposed as a result of the transferor's death
applies to the transfer. The value of the property so transferred
equals the value of the property subject to the powers, and in respect
to which the powers remain unexercised, at the time of the
transferor's death.
As added by Acts 1976, P.L.18, SEC.1.
Last modified: May 28, 2006