Indiana Code - Taxation - Title 6, Section 6-4.1-5-1

Tax rates; transfers to Classes A, B, and C transferees

Sec. 1. (a) For purposes of this section, the net taxable value of
property interests transferred by a decedent to a particular transferee
equals the remainder of:
(1) the total fair market value of the property interests
transferred by the decedent to the transferee under a taxable
transfer or transfers; minus
(2) the total amount of exemptions and deductions provided
under sections 9.1 through 15 of IC 6-4.1-3 with respect to the
property interests so transferred.
(b) The inheritance tax imposed on a decedent's transfer of
property interests to a particular Class A transferee is prescribed in
the following table:

NET TAXABLE VALUE OF
PROPERTY INTERESTS
TRANSFERRED

INHERITANCE TAX
$25,000 or less ....... 1% of net taxable value
over $25,000 but not
over $50,000 ....... $250, plus 2% of net
taxable value over $25,000

over $50,000 but not
over $200,000 ...... $750, plus 3% of net taxable
value over $50,000

over $200,000 but not
over $300,000 ...... $5,250, plus 4% of net
taxable value over $200,000

over $300,000 but not
over $500,000 ...... $9,250, plus 5% of net
taxable value over $300,000

over $500,000 but not
over $700,000 ...... $19,250, plus 6% of net
taxable value over $500,000

over $700,000 but not
over $1,000,000 ....

$31,250, plus 7% of net
taxable value over $700,000

over $1,000,000 but not
over $1,500,000 ....

$52,250, plus 8% of net
taxable value over $1,000,000
over $1,500,000 ....... $92,250, plus 10% of net
taxable value over $1,500,000

(c) The inheritance tax imposed on a decedent's transfer of
property interests to a particular Class B transferee is prescribed in
the following table:

NET TAXABLE VALUE OF
PROPERTY INTERESTS
TRANSFERRED

INHERITANCE TAX

$100,000 or less ...... 7% of net taxable value
over $100,000 but not
over $500,000 ...... $7,000, plus 10% of net
taxable value over $100,000

$1,000,000

(d) The inheritance tax imposed on a decedent's transfer of
property interests to a particular Class C transferee is prescribed in
the following table:

NET TAXABLE VALUE OF

PROPERTY INTERESTS
TRANSFERRED INHERITANCE TAX
$100,000 or less ...... 10% of net taxable value
over $100,000 but not
over $1,000,000 .... $10,000, plus 15% of net
taxable value over $100,000
over $1,000,000 ....... $145,000, plus 20% of net
taxable value over $1,000,000
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1977(ss),
P.L.6, SEC.7; Acts 1979, P.L.75, SEC.10; Acts 1980, P.L.57,
SEC.12; P.L.87-1983, SEC.5.

Last modified: May 28, 2006