MO SB198

Repeals 23 sections of Missouri Revised Statutes (RSMo 145.009 through 145.1000) that imposed and governed the state estate tax.

Eliminates the Missouri estate tax, which was equal to the maximum federal estate tax credit allowed under Internal Revenue Code Section 2011.

Includes a contingency provision: if the federal estate tax under IRC Section 2011 is repealed, Missouri's estate tax automatically terminates on the same effective date.

Removes all procedural requirements for estate tax returns, payment deadlines, extensions, assessments, and refund claims that were previously mandated.

Repeals provisions related to generation-skipping transfer taxes and compromise agreements between state taxing authorities regarding conflicting domicile claims.