Estate tax definition

Estate tax means a federal, state, or foreign tax imposed because of the death of an individual and interest and penalties associated with the tax. The term does not include an inheritance tax, income tax, or generation-skipping transfer tax other than a generation-skipping transfer tax incurred on a direct skip taking effect on death.
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Estate tax means any estate, inheritance, or death tax levied or assessed on the property of a decedent's estate because of the death of a person and imposed by federal, state, local, or foreign law, including the federal estate tax and the inheritance tax imposed by former Chapter 211, Tax Code, and including interest and penalties imposed in addition to those taxes. The term does not include a tax imposed under Section 2601 or 2701(d)(1)(A), Internal Revenue Code of 1986 (26 U.S.C. Section 2601 or 2701(d)).
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Estate tax means a federal, state or foreign tax imposed because of the death of an individual and interest and penalties associated with the tax. The term does not include an inheritance tax, income tax or generation-skipping transfer tax other than a generation-skipping transfer tax incurred on a direct skip taking effect at death.[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]
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Examples of Estate tax in a sentence

  • Estate tax 2001respect to which the tentative tax to be computed is:The tentative tax is:12.

  • In addition, if the size of the estate warrants, there will be an excise or Estate tax on the transfer of property from a decedent.

  • This section applies on or after June 22, 2001, with respect to a withdrawal of any notice of federal tax lien.[T.D. 8951, 66 FR 33465, June 22, 2001] § 301.6324–1 Special liens for estate and gift taxes; personal liability of transferees and others.(a) Estate tax.

  • The Government also contends that the Heirs are personally liable for the Estate tax because they became transferees when property from the trust corpus was distributed to them.

  • The Government claims that each Heir is liable for the Estate tax pursuant to 26 U.S.C. § 6324(a)(2).


More Definitions of Estate tax

Estate tax means the tax imposed under this chapter.
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Estate tax means a federal, state, or foreign tax 795 imposed because of the death of an individual and interest and
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Estate tax means any estate, inheritance, or
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Estate tax means a federal, state, or foreign tax 685 imposed because of the death of an individual and interest and 686 penalties associated with the tax. The term does not include an 687 inheritance tax, income tax, or generation-skipping transfer tax
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Estate tax means the federal estate tax and the state estate tax determined by the
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Estate tax means the federal estate tax and the state estate tax determined by the commissioner of revenue pursuant to chapter 291 and interest and penalties imposed in addition to the tax;
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Estate tax or “Estate Taxes” means all federal, state, and foreign estate, inheritance or other wealth transfer or wealth receipt taxes imposed by virtue of the transmission of property, real or personal, tangible or intangible, included in the measure of a decedent’s taxable estate or a beneficiary’s taxable inheritance together with all interest, penalties, additions to tax and additional amounts with respect thereto.
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