AN ACT relating to inheritance tax exemptions.

This bill would remove the inheritance tax for a group of beneficiaries currently classified as "Class B" under Kentucky law, meaning they would owe no state inheritance tax on property they receive from someone who dies on or after January 1, 2027. It changes an existing tax exemption rule to expand who qualifies for tax-free inheritances. Who it may affect: Kentuckians who are set to inherit property from a deceased person but fall outside the closest family relationships already exempt under current law, such as more distant relatives or others in the Class B category.

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