MI HB6189

Changes "is" to "shall be" to impose a tax on transfers of property valued at $100 or more, including real or personal property and interests in such property.

Replaces outdated language including "therein," "therefrom," "heretofore or hereafter," "such," and "deemed" with modern equivalents like "in that property," "from that property," "considered," and removes temporal qualifiers.

Provides marital deduction exemption for transfers to surviving spouses that qualify for federal estate tax marital deduction, effective for decedents dying after December 31, 1982.

Establishes qualified terminable interest property rules allowing executor elections with specific provisions for taxation on surviving spouse's death and relationship determinations for tax rate purposes.

Requires marital deduction election filing within 9 months of decedent's death with the Department of Treasury revenue division.