Section 5 Missouri Inheritance Tax Under Prior Law?Chapter 145, RSMo

• Library: Tax Law 2009

Chapter 145, RSMo 1978, imposed a tax on the transfer of property by a decedent to individual beneficiaries. The old statute has been construed to impose a tax on the right to take or receive property rather than on the right of the decedent to transfer property after the decedent’s death. The incidence of the tax, therefore, was on the person receiving the property, and the amount of tax was determined by
the net value of the property received. In re Estate of DeWitt, 591 S.W.2d 273 (Mo. App. W.D. 1979)...