{"data":{"id":"us-ky/krs-140.080","jurisdiction":"us-ky","citation":"KRS 140.080","heading":"Exemptions of inheritable interests.","body":"(1) The following exemptions chargeable against the lowest bracket or brackets of\ninheritable interests shall be free from any tax under the preceding provisions of\nthis chapter:\n(a) Surviving spouse, total inheritable interest. Effective as to decedents dying\nafter August 1, 1985, notwithstanding anything in this chapter to the contrary,\nif the decedent's personal representative (or trustee or transferee, absent a\npersonal representative) shall so elect, the spouse's inheritable interest shall\ninclude the enti re value of any trust or life estate which is in a form that\nqualifies for the federal estate tax marital deductions under 26 U.S.C. sec.\n2056(b)(5) or (7), as amended through December 31, 1984, regardless of\nwhether or not the federal estate tax marital d eduction is elected by the\ndecedent's personal representative. To be valid, the election referred to in the\nsentence immediately preceding must be made in the form prescribed by the\nDepartment of Revenue and must be filed on or before the due date of the t ax\nreturn, including extensions, or with the first tax return filed, whichever last\noccurs;\n(b) Class A beneficiaries, as defined in KRS 140.070, total inheritable interest;\n(c) All persons of Class B, under KRS 140.070, $1,000; and\n(d) All persons of Class C, under KRS 140.070, $500.\n(2) If the decedent was not a resident of this state, the exemption shall be the same\nproportion of the allowable exemption in the case of residents that the property\ntaxable by this state bears to the whole property transferred by the decedent.","path":["KRS Chapter 140"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57148","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"77018b94311039e26c33956e2f59daa7d943fc12c8cc1be7092fdbec09e910d0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-140.070","next":"us-ky/krs-140.090"},"notice":"GroundRules: Original legal text. Not legal advice."}