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The Curious Bag
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The California Inheritance Tax law enacted in 1893 ended in 1982. Tax on a deceased's property received by his beneficiaries changed to a death tax. Effective in 1982, the state death tax credit ended in 2004.
California Inheritance Tax
California assessed the California Inheritance Tax on the property of decedents who died before June 8, 1982.
Death Tax Credit Expired
On Dec. 31, 2004, the state death tax expired. With a new state death tax deduction, Californians do not owe death tax.
Decedents and Estates
California requires an Inheritance Tax Declaration, Form IT-22, for resident decedents who left property. Decedents who lived in another place and owned California property also declare. The tax applies to estates in court proceedings.
Marital Property
Californians use Form IT-3 to make a Marital Property Declaration on the amount and value for property the spouses own together. Also, the state requires the declaration for a decedent who disposed a part of a spouse's community property.
Tax
An estate administrator describes the property and declares the market value. The state controller assesses tax on a beneficiary's portion at an amount ranging from 3 percent for a spouse to 24 percent, after exemption, for a stranger with an inheritance in excess of $400,000.
Source:
California Inheritance Tax Forms at California Probate Referees Association
Status of State Death Tax Chart at Policy and Taxation Group
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