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| evin[at]lexmark.com (ron) wrote: - quote - > 1. When does the federal phase-out of the state estate tax
The maximum federal estate tax credit for state death taxes,> credit occur? which was based the taxable estate and a table of progressive rates found in section 2011, was reduced by 25% in 2002, 50% in 2003, 75% in 2004, and is repealed for estates of decedents dying after 2004. (After 2004, there is a deduction for any state death tax paid.) - quote - > 2. What tax rate(s) will Colorado apply to their state
According to my sources, Colorado's estate tax will remain> estate tax? equal to the federal credit, so there will be no Colorado estate tax after 2004. **Dan Evans **I post information, not advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| ron wrote: - quote - > I remember reading a year or so ago, that because of the
All your questions and more are answered at:> federal esate tax phase-out of the state estate tax credit, > Colorado was considering how to revise / update their state > estate tax laws. Can someone answer the following two > questions: > 1. When does the federal phase-out of the state estate tax > credit occur? > 2. What tax rate(s) will Colorado apply to their state > estate tax? http://www.taxadmin.org/fta/rate/Estatetax.html -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I remember reading a year or so ago, that because of the federal esate tax phase-out of the state estate tax credit, Colorado was considering how to revise / update their state estate tax laws. Can someone answer the following two questions: 1. When does the federal phase-out of the state estate tax credit occur? 2. What tax rate(s) will Colorado apply to their state estate tax? TIA, Ron << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| colorado, estate, question, tax |
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