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Author: cfdunton One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121599  
Subject: Re: Taxes of a beneficiary Date: 2/25/2001 11:10 AM
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"3.Any idea what inheritance tax rate is in the state of California?"

I found this on the internet through Ask Jeeves.
STATE DEATH TAXES
Every state benefits from taxable estates. About two-thirds of the states have a pick-up tax law. By virtue of these pick-up taxes, a state can enjoy participation in the federal estate tax. Using this tax, states can take part of the federal tax levy. So, they are generally said to have "no" inheritance tax. But, that really means that they take part of the amount that is calculated as federal estate tax. The following states participate in the pick-up tax:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Maine, Minnesota, Missouri, Nevada, New Mexico, North Dakota, Oregon, Rhode Island, South Carolina, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

The other states impose a state death tax, either in the form of an inheritance tax or an estate tax. An inheritance tax is a tax on the assets received by a person. An estate tax is a tax on the assets of the decedent.
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