Georgia inheritance taxes

[Greenbriar]

In my research on Georgia inheritance taxes, it seems that there is no inheritance tax in Georgia. Is that correct? Even for non-relatives? Thanks.

[appelman]

From Georgia Department of Revenue:

For individuals dying in 2002, the state death tax credit is reduced by 25% from the pre-2001 EGTRRA amount; for individuals dying in 2003, the credit is reduced by 50% from the pre-2001 EGTRRA amount; for individuals dying in 2004, the credit is reduced by 75% from the pre-2001 EGTRRA amount; and for individuals dying in 2005 and after the state death tax credit was repealed and replaced with a deduction.

Therefore, for estates of decedents with a date of death after December 31, 2004, Georgia estate tax does not apply to any estate with a date of death that occurred in a year for which the Internal Revenue Code does not allow a credit for state death taxes.

[Greenbriar]

Also inheritance tax?

Thanks for the reply. does that apply also to inheritance tax? Client lived in Georgia and died in 2012 and left a small inheritance about 50,000 to non-relatives (not charities). No inheritance tax? In NJ, there is an estate tax if greater than 675,000, except to spouse, and inheritance tax to non spouse, non-children, non-parent. Sounds like no inheritance tax at all in Georgia???