A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying on or after October 1, 1990, whether a resident or a nonresident of the State of Mississippi:MISSISSIPPI ESTATE TAX SCHEDULEOverBut not overOf excess over$ -0-$ 60,0001%60,000100,000$ 600 plus 1.6%60,000100,000200,0001,240 plus 2.4%100,000200,000400,0003,640 plus 3.2%200,000400,000600,00010,040 plus 4.0%400,000600,000800,00018,040 plus 4.8%600,000800,0001,000,00027,640 plus 5.6%800,0001,000,0001,500,00038,840 plus 6.4%1,000,0001,500,0002,000,00070,840 plus 7.2%1,500,0002,000,0002,500,000106,840 plus 8.0%2,000,0002,500,0003,000,000146,840 plus 8.8%2,500,0003,000,0003,500,000190,840 plus 9.6%3,000,0003,500,0004,000,000238,840 plus 10.4%3,500,0004,000,0005,000,000290,840 plus 11.2%4,000,0005,000,0006,000,000402,840 plus 12.0%5,000,0006,000,0007,000,000522,840 plus 12.8%6,000,0007,000,0008,000,000650,840 plus 13.6%7,000,0008,000,0009,000,000786,840 plus 14.4%8,000,0009,000,00010,000,000930,840 plus 15.2%9,000,00010,000,000 and over1,082,840 plus 16.0%10,000,000Provided, however, that the tax due under this said section shall 0009,000,000786,840 plus 14.4%8,000,0009,000,00010,000,000930,840 plus 15.2%9,000,00010,000,000 and over1,082,840 plus 16.0%10,000,000Provided, however, that the tax due under this said section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.Codes, 1942, § 9262-03; Laws, 1956, ch. 413, § 3; Laws, 1978, ch. 452, § 1; Laws, 1988, ch. 549, § 1; Laws, 1989, ch. 521, § 1; Laws, 2000, ch. 490, § 1, eff. 4/27/2000.This section is set out more than once due to postponed, multiple, or conflicting amendments.
Mississippi Legal Code