450.9 - INDIVIDUAL EXEMPTIONS.
450.9 INDIVIDUAL EXEMPTIONS. In computing the tax on the net estate, the entire amount of property, interest in property, and income passing to the surviving spouse, and parents, grandparents, great- grandparents, and other lineal ascendants, children including legally adopted children and biological children entitled to inherit under the laws of this state, stepchildren, and grandchildren, great-grandchildren, and other lineal descendants are exempt from tax.
Section History: Early Form [C31, 35, § 7312-d1; C39, § 7312.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 450.9; 81 Acts, ch 147, § 3, 19]
Section History: Recent Form 91 Acts, ch 159, §23, 24; 94 Acts, ch 1046, §10; 97 Acts, ch 1, §2, 8 Referred to in § 450.22, 450.53, 633.356