Iowa § 450.90 Property in this state belonging to foreign estate

Iowa Statutes

§ 450.90 — Property in this state belonging to foreign estate

Iowa § 450.90

Title XFINANCIAL RESOURCES

Ch. 450INHERITANCE TAX

This text of Iowa § 450.90 (Property in this state belonging to foreign estate) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 450.90 (2026).

Text

Whenproperty, realorpersonal, withinthisstatebelongstoaforeignestateandtheforeign
estate passes in part exempt from the tax imposed by this chapter and in part subject to the
tax and there is not a specific devise of the property within this state to exempt persons or if it
is within the authority or discretion of the foreign personal representative administering the
estate to dispose of the property not specifically devised to exempt persons in the payment of
liabilitiesowingbythedecedentatthetimeofdeath, orinthesatisfactionoflegacies, devises,
or trusts given to direct or collateral legatees or devisees or in payment of the distributive
shares of any direct and collateral heirs, then the property within the jurisdiction of this state
belonging to the foreign estate is subject to the tax 

Free access — add to your briefcase to read the full text and ask questions with AI

Whenproperty, realorpersonal, withinthisstatebelongstoaforeignestateandtheforeign
estate passes in part exempt from the tax imposed by this chapter and in part subject to the
tax and there is not a specific devise of the property within this state to exempt persons or if it
is within the authority or discretion of the foreign personal representative administering the
estate to dispose of the property not specifically devised to exempt persons in the payment of
liabilitiesowingbythedecedentatthetimeofdeath, orinthesatisfactionoflegacies, devises,
or trusts given to direct or collateral legatees or devisees or in payment of the distributive
shares of any direct and collateral heirs, then the property within the jurisdiction of this state
belonging to the foreign estate is subject to the tax imposed by this chapter, and the tax due
shall be assessed as provided in section 450.12, subsection 2, relating to the deduction of the
proportionateshareofliabilities. However, ifthevalueofthepropertysosituatedexceedsthe
total amount of the estate passing to other persons than those exempt from the tax imposed
by this chapter, the excess is not subject to tax.