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OK SB83

Bill

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Patrick Anderson

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Amends Section 804.1 of Title 68 (estate and property taxes) to clarify that no estate tax lien attaches to property passing through a decedent's estate, by joint tenancy, or otherwise for deaths occurring on or after January 1, 2010.

  • Eliminates the requirement for a court order exempting estate tax liability before property can be released or real property title can be marketable.

  • Preserves existing lien obligations for deaths occurring before January 1, 2010, grandfathering in pre-existing liens.

  • Effective date: November 1, 2011.

Legislative Description

Estate tax liens; clarifying language. Effective date.

Revenue and Taxation

Last Action

Second Reading referred to Rules

2/8/2011

Committee Referrals

Rules2/8/2011

Full Bill Text

No bill text available