GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

H	1 

HOUSE BILL 509

Short Title:  Inheritance Tax Filing Threshold.	(Public)

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Sponsors: Representative Griffin.

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Referred to:  Finance.

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March 24, 1993

A BILL TO BE ENTITLED
AN ACT TO RAISE THE INHERITANCE TAX FILING THRESHOLD.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 105-23(b) reads as rewritten:
"(b)	Exception. – An inheritance tax return is not required to be filed for an estate (i) whose beneficiaries are all either Class A beneficiaries, as described in G.S. 105-4(a), or the surviving spouse, and (ii) whose gross value, including the value of transfers over which the decedent retained an interest and the value of gifts made within three years before the decedent's death, as provided in G.S. 105-2(3), is less than the amount specified in the following table:
Estates of Decedents Dying
On or After                            Gross Value of Estates
January 1, 1987$250,000
July 1, 1993450,000."
Sec. 2.  This act becomes effective July 1, 1993, and applies to estates of decedents dying on or after that date.