{"data":{"id":"us-ky/krs-140.130","jurisdiction":"us-ky","citation":"KRS 140.130","heading":"Levy of estate tax -- Computation -- Payment -- Administration.","body":"(1) In addition to the inheritance tax hereinbefore imposed, an estate tax is hereby\nlevied on all estates equal to the amount by which the credits for state death taxes\nallowable under the federal tax law exceeds the tax levied under KRS 140.010, less\nthe discount allowed under KRS 140.210, if taken by the taxpayer. Said tax shall be\npayable at the same time and in the same manner as the inheritance taxes levied by\nthis chapter.\n(2) In the case of resident decedents and nonresident decedents over part of whos e\nestates Kentucky has tax jurisdiction the estate tax shall be computed as follows:\n(a) The ratio which that part of the net estate over which Kentucky has\njurisdiction for estate tax purposes bears to the total net estate wherever\nlocated shall be ascertained.\n(b) The total maximum offset for state succession taxes allowed under the\nprovisions of the federal estate tax law shall be multiplied by the ascertained\nratio to determine the offset allocable to this state.\n(c) The estate tax levied by this sec tion shall equal the amount, if any, by which\nthe offset allocable to this state shall exceed the inheritance taxes under KRS\n140.010, less the discount allowed under KRS 140.210, if taken by the\ntaxpayer.\n(3) All administrative provisions of this chapter , to the extent that they are applicable,\nshall be available for the enforcement of this section and KRS 140.140.","path":["KRS Chapter 140"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28990","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"353b22eb73b3c550ebcccd7d38d571965765b4730257e9c0bb60ddf11bfb5896","source_id":"us-ky","stale":false,"prev":"us-ky/krs-140.120","next":"us-ky/krs-140.140"},"notice":"GroundRules: Original legal text. Not legal advice."}