Section 10-40-23.4 - Inheritance tax exemption for lineal issue--Revised. - South Dakota Statutes

10-40-23.4. Inheritance tax exemption for lineal issue--Revised. The inheritance tax exemption for lineal issue provided for in subdivision 10-40-23(3) is:
(1) July 1, 2000, to June 30, 2001, inclusive, forty thousand dollars;
(2) July 1, 2001, to June 30, 2002, inclusive, fifty thousand dollars;
(3) July 1, 2002, to June 30, 2003, inclusive, sixty thousand dollars;
(4) July 1, 2003, to June 30, 2004, inclusive, seventy thousand dollars;
(5) July 1, 2004, to June 30, 2005, inclusive, eighty thousand dollars;
(6) July 1, 2005, to June 30, 2006, inclusive, ninety thousand dollars; and
(7) July 1, 2006, and thereafter, one hundred thousand dollars.

Source: SL 1999, ch 54, § 1.