State-Level Estate and Inheritance Taxes

Research Report

State-Level Estate and Inheritance Taxes

August 28, 2006

Abstract

The Economic Growth and Taxpayer Relief Reconciliation Act of 2001 (EGTRRA) phased out the state death tax credit from 2002 to 2004, eliminating it completely for 2005. Prior to EGTRRA, almost all states collected a "pick-up" tax that was equivalent to the federal credit. In 2000, estate and inheritance tax revenues averaged 1.43 percent of states' total tax receipts. By 2005, the average fell to 0.7 percent.

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