Statutes > Iowa Statutes > Title 10 - Financial Resources > Subtitle 3 - Inheritance and Estate Taxes > CHAPTER 450B - QUALIFIED USE INHERITANCE TAX > 450B.1 - DEFINITIONS.

450B.1 - DEFINITIONS.

        450B.1  DEFINITIONS.         As used in this chapter, unless the context otherwise requires:         1.  "Internal Revenue Code" means the same as defined in      section 422.3.         2.  "Qualified real property", "qualified use",      "cessation of qualified use", and "qualified heir" mean the      same as defined in section 2032A of the Internal Revenue Code.         3.  "Taxpayer" means a qualified heir liable for the      inheritance tax imposed under chapter 450 on qualified real property.         4.  For purposes of subsection 1, the Internal Revenue Code shall      be interpreted to include the provisions of Pub. L. No. 98-4.
         Section History: Early Form
         [81 Acts, ch 147, § 12]
         Section History: Recent Form
         83 Acts, ch 179, § 18, 23; 84 Acts, ch 1305, § 39; 88 Acts, ch      1028, §39