KRS § 140.070 — KY Code / Title XI / Chapter 140 / Section 140.070
140.070 Inheritance tax rates
Status: in_force

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%