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What property is excluded as a measure of the inheritance tax?

April 26, 2017excluded inheritance tax labor law labor laws Law Laws measure Property

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What property is excluded as a measure of the inheritance tax?

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LRS-47:2404(C) provides that from the property subject to tax there shall be excluded any proceeds receivable by any beneficiary, other than the decedent’s estate, under a life insurance policy or retirement or pension plan. Retirement or pension plans include annuity contracts qualified under the Internal Revenue Code.