We have been receiving inquiries from reporters and clients
alike regarding the current state of Kansas and Missouri state estate taxes
(try saying that one as fast as you can). While anything can happen as state budgets continue to run red, here is where the respective states stand as of today:
Effective January 1, 2010,
Kansas has no estate tax and, since July 1, 1998, Kansas has had no "inheritance tax." See http://www.ksrevenue.org/pdf/forms/k-706after0107inst.pdf
Effective January 1, 2005, Missouri has no estate tax (i.e., the date the IRS no longer allowed a state death tax credit on the Form 706 Federal Estate Tax return under EGTRRA 2001).
See http://dor.mo.gov/tax/personal/estate/
the Union, but the Supreme Court has ruled this to be unconstitutional, a position driven in part by the outcome of the American Civil War.
Posted by: tadalafil | 04/20/2010 at 03:10 PM