Loading chat...
OK SB1895
Bill
Status
5/28/2010
Primary Sponsor
Mark McCullough
Click for details
AI Summary
-
Eliminates requirement for estate tax liability release orders for deaths occurring on or after January 1, 2010, modifying sections 282.1, 635, 912, and 1104 of Title 58.
-
Removes the estate tax lien attachment to property passing through estates, joint tenancies, or otherwise for deaths after January 1, 2010, making property titles marketable without separate tax exemption orders.
-
Exempts surviving spouses serving as personal representatives from needing to obtain estate tax releases or waivers for deaths occurring on or after January 1, 2010.
-
Creates new Section 804.1 of Title 68 codifying that no estate tax lien shall attach to decedent property for deaths after January 1, 2010, while preserving lien obligations for deaths before that date.
-
Became effective July 1, 2010, with emergency clause declaring immediate necessity for preservation of public peace, health and safety.
Legislative Description
Probate procedure; modifying applicability of provisions relating to probate and estate tax; providing that certain lien is not necessary under certain circumstances; providing for construction and application of language. Effective date. Emergency.
Revenue and Taxation
Last Action
Approved by Governor 06/09/2010
5/28/2010