633.266 - ADJUSTED GROSS ESTATE.
633.266 ADJUSTED GROSS ESTATE. Unless otherwise defined, "adjusted gross estate" in a will means the entire value of the gross estate as determined under the federal estate tax less the aggregate amount of the deductions allowed by sections 2053 and 2054 of the Internal Revenue Code as defined in section 422.3.
Section History: Early Form [82 Acts, ch 1053, § 1]
Section History: Recent Form 2006 Acts, ch 1140, §9--11 Referred to in § 633A.1102 Internal Revenue Code definition is updated regularly; for applicable definition in a prior tax year, refer to Iowa Acts and Code for that year
Footnotes 2006 amendment takes effect May 30, 2006, and applies retroactively to January 1, 2005, for tax years beginning on or after that date; 2006 Acts, ch 1140, §10, 11