Indiana Inheritance Tax Repealed

On May 8, 2013, Governor Mike Pence signed the State’s biennial budget, HEA 1001, which repealed Indiana’s long standing inheritance tax. Indiana’s inheritance tax was repealed for individuals dying after Dec. 31, 2012. No inheritance tax returns (Form IH-6 for Indiana residents and Form IH-12 for nonresidents) have to be prepared or filed. No tax has to be paid. In addition, no Consents to Transfer (Form IH-14) personal property or Notice of Intended Transfer of Checking Account (Form IH-19) are required for those dying after Dec. 31, 2012.

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