Missouri Laws 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:
Terms Used In Missouri Laws 145.995
- Property: includes real and personal property. See Missouri Laws 1.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(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”.