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Table 28: State Inheritance and Estate Tax Rates and Exemptions as of January 1, 1999 |
| State | Type of Tax (1) | Max Rate on Transfers to Children (2) |
Taxable Amount on Which Max. Rate Applies |
Spousal Exemption |
| Alabama | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Alaska | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Arizona | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Arkansas | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| California | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Colorado | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Connecticut (3)(4) | Inheritance tax | 10.00% | $1 million | Yes, Full |
| Delaware | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Florida | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Georgia | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Hawaii | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Idaho | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Illinois | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Indiana | Inheritance tax | 10.00% | $1.5 million | Yes, Full |
| Iowa | Inheritance tax | 8.00% | $150,000 | Yes, Full |
| Kansas | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Kentucky | Inheritance tax | 10.00% | $500,000 | Yes, Full |
| Louisiana (3)(6) | Inheritance tax | 3.00% | $20,000 | Yes, Full |
| Maine | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Maryland | Inheritance tax | 1.00% | Entire Transfer | Full for all real property |
| Massachusetts | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Michigan | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Minnesota | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Mississippi | Estate tax | 16.00% | $10 million | Property up to $600,000 |
| Missouri | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Montana | Inheritance tax | 8.00% | $100,000 | Class A property |
| Nebraska | Inheritance tax | 1.00% | $60,000 | Yes, Full |
| Nevada | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| New Hampshire | Inheritance tax | 16.00% | $10.1 million | Yes, Full |
| New Jersey | Inheritance tax | 16.00% | $1.7 million | Yes, Full |
| New Mexico | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| New York (3)(7) | Estate tax | 21.00% | $10.1 million | Yes, Full |
| North Carolina | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| North Dakota | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Ohio | Estate tax | 7.00% | $500,000 | Yes, Full |
| Oklahoma | Estate tax | 10.00% | $10 million | Yes, Full |
| Oregon | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Pennsylvania | Inheritance tax | 6.00% | Entire Transfer | Yes, Partial |
| Rhode Island | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| South Carolina | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| South Dakota | Inheritance tax | 7.50% | $100,000 | Yes, Full |
| Tennessee (3) | Inheritance tax | 9.50% | $440,000 | Yes, Full |
| Texas | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Utah | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Vermont | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Virginia | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Washington | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| West Virginia | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Wisconsin | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| Wyoming | Pick-up tax only | 16.00% | $10.1 million | Yes, Full |
| (1) All states have federal pick-up tax as minimum, the effective top rate is at least 16% in every state. (2) Inheritance taxes have different classes and rates. As the pickup tax applies as a minimum tax, effective maximum rates on transfers to children are at least 16%. Lower rates apply only when the pick-up minimum tax does not. (3) States with added gift tax. (4) Phasing in to a pick-up tax by 2005. (5) Inheritance tax replaced by a pick-up tax effective January 1, 1999. (6) Phasing in to a pick-up tax by 2004. (7) Estate tax replaced by a pick-up tax by February 1, 2000 and gift tax repealed January 1, 2000. 1999 NYS Sourcebook Source: OTPA compilation, from (in part) Significant Features of Fiscal Federalism, Vol. 1 Budget Processes and Tax Systems, ACIR | ||||
