Effective - 01 Jan 1990
145.995. Generation-skipping credit tax imposed — amount. — 1. A generation-skipping credit tax is imposed on every generation-skipping transfer which consists in whole or in part of property having a tax situs within the state of Missouri. The Missouri generation-skipping credit tax shall be the maximum credit for state death taxes allowed by Internal Revenue Code, section 2604.
2. The other sections of sections 145.011 to 145.995 shall be applied by substituting:
(1) "Missouri generation-skipping credit tax" for "Missouri estate tax";
(2) "Tax imposed by section 145.995" for "tax imposed by section 145.011";
(3) "Property included in the generation-skipping transfer" for "gross estate";
(4) "Generation-skipping tax credit" for "credit for state death taxes"; and
(5) "Federal generation-skipping tax return" for "federal estate tax return".
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(L. 1980 S.B. 539, A.L. 1989 H.B. 35, et al.)
Effective 1-1-90
Structure Missouri Revised Statutes
Title X - Taxation and Revenue
Section 145.009 - Law effective, when — estates to which applicable.
Section 145.041 - Estate containing property having tax situs outside Missouri — computation of tax.
Section 145.051 - Executor to pay tax.
Section 145.101 - Definitions.
Section 145.102 - Tax situs of property.
Section 145.301 - Discharge of executor or fiduciary, when — procedure.
Section 145.481 - Tax return required when — executor's duty.
Section 145.511 - Return, when and where filed — payment of tax.
Section 145.552 - Recovery of estate tax from distributee, permitted when.
Section 145.711 - Deficiency in tax paid — notice — assessment — time limitations.
Section 145.846 - Application for review, filing.
Section 145.985 - Procedure — income tax laws applicable.
Section 145.995 - Generation-skipping credit tax imposed — amount.
Section 145.1000 - Repeal of federal estate tax, effect on state tax — effective date.