140.070 Inheritance tax rates
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KY Code › Title XI › Chapter 140 › Section 140.070
Text
140.070 Inheritance tax rates.
The tax upon transfers of property as defined in the preceding sections of this chapter
shall be at the following rates:
(1) Class A. In case the transfer is to or for the benefit of a parent, surviving spouse,
child by blood, stepchild, child adopted during infancy, child adopted during
adulthood who was reared by the decedent during infancy or a grandchild who is the
issue of a child by blood, the issue of a stepchild, the issue of a child adopted during
adulthood who was reared by the decedent during infancy, the issue of a child
adopted during infancy, brother, sister, or brother or sister of the half blood, the tax,
subject to the provisions of KRS 140.080, shall be:
On its value not exceeding $20,000 ............................................................. 2%
On its value exceeding $20,000, but not exceeding $30,000 ...................... 3%
On its value exceeding $30,000, but not exceeding $45,000 ...................... 4%
On its value exceeding $45,000, but not exceeding $60,000 ...................... 5%
On its value exceeding $60,000, but not exceeding $100,000 .................... 6%
On its value exceeding $100,000, but not exceeding $200,000 .................. 7%
On its value exceeding $200,000, but not exceeding $500,000 .................. 8%
On its value exceeding $500,000 ............................................................... 10%
(2) Class B. In case the transfer is to or for the benefit of a nephew, niece, or a nephew
or niece of the half blood, daughter-in-law, son-in-law, aunt or uncle, or a great-
grandchild who is the grandchild of a child by blood, of a stepchild or of a child
adopted during infancy, the tax, subject to the provisions of KRS 140.080, shall be:
On its value not exceeding $10,000 ............................................................. 4%
On its value exceeding $10,000, but not exceeding $20,000 ...................... 5%
On its value exceeding $20,000, but not exceeding $30,000 ...................... 6%
On its value exceeding $30,000, but not exceeding $45,000 ...................... 8%
On its value exceeding $45,000, but not exceeding $60,000 .................... 10%
On its value exceeding $60,000, but not exceeding $100,000 .................. 12%
On its value exceeding $100,000, but not exceeding $200,000 ................ 14%
On its value exceeding $200,000 ............................................................... 16%
(3) Class C. In case the transfer is to or for the benefit of any educational, religious, or
other institutions, societies, or associations, or to any cities, towns, or public
institutions not exempted by KRS 140.060, or to any person not included in either
Class A or Class B, the tax, subject to the provisions of KRS 140.080 shall be:
On its value not exceeding $10,000 ............................................................. 6%
On its value exceeding $10,000, but not exceeding $20,000 ...................... 8%
On its value exceeding $20,000, but not exceeding $30,000 .................... 10%
On its value exceeding $30,000, but not exceeding $45,000 .................... 12%
On its value exceeding $45,000, but not exceeding $60,000 ................... . 14%
On its value exceeding $60,000 ........................................ ......................... 16%
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.