Michigan Compiled Laws 188-1899-exceptions-and-limitati Exceptions And Limitations. (205.202...205.202e)

• Section 205.202 Tax On Certain Transfers Of Property; Exemptions; Tax Rate On Excess; Exemption Applicable To Beneficiary's Interest; Allowance Granted By Court Order To Widow Or Family Of Decedent; Tax Rate In Cases Other Than Those Specified; Exemption On Transfer Of Property Or Ownership Of Family-owned Business.
  (1) Where the persons entitled to a beneficial interest in the property are the grandfather, grandmother, father, mother, husband, wife, child, legally adopted child,...
• Section 205.202a Additional Estate Tax; Purpose And Construction Of Section; Tax On Generation-skipping Transfers; “federal Estate Tax” Defined.
  (1) If the total of inheritance taxes levied and imposed by this act upon the inheritance or transfers of property of a resident or...
• Section 205.202b Repealed. 1971, Act 55, Imd. Eff. July 6, 1971.
  Compiler's Notes: The repealed section pertained to additional inheritance taxes.Popular Name: Inheritance Tax
• Section 205.202c Amount Received By Surviving Spouse Pursuant To Survivor Benefit Plan, Annuity, Retirement Plan, Or Pension.
  An amount received by a surviving spouse as a result of the death of a decedent pursuant to a survivor benefit plan, an annuity,...
• Section 205.202d Tax On Transfer Of Qualified Farm Real Property To Qualified Heir; Exemption Conditioned On Execution Of Farmland Development Rights Agreement; Election To Defer Taxes Due; Affidavit; Powers And Duties Of Probate Judge; Sale Of Real Property Or Ceasing To Use Real Property For Agricultural Use; Notice; Amount Due State; Applicability Of Subsections (1) To (5) And (7); Exemption Under Mcl 205.202.
  (1) The transfer of qualified farm real property to the qualified heir shall be exempt in the amount of 50% of the clear market...
• Section 205.202e Credit For Certain Inheritances Or Transfers.
  For a decedent dying after December 31, 1991, for inheritances or transfers not subject to the additional tax imposed under section 2a, there is...

Last modified: October 10, 2016