Form 454 - Oklahoma Estate Tax Return Packet Page 6

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Oklahoma Tax Commission
Oklahoma Tax Commission
Oklahoma Tax Commission
Oklahoma Tax Commission
Oklahoma Tax Commission
Oklahoma Estate Tax Return
2501 Lincoln Boulevard
2501 Lincoln Boulevard
2501 Lincoln Boulevard
2501 Lincoln Boulevard
2501 Lincoln Boulevard
Oklahoma City, OK 73194
Oklahoma City, OK 73194
Oklahoma City, OK 73194
Oklahoma City, OK 73194
Oklahoma City, OK 73194
This page is a recap of the values from each schedule. Carry forward to this page the total from each schedule. If
nothing was shown on the schedule, indicate -0- on the appropriate line on “Summary of Schedules”.
Line 7:
If the decedent was an out-of-state resident, value of the out-of-state property must be indicated because of
Oklahoma statutory requirements limiting deductions for out-of state residents.
Line 17 and 18:
If the estate passed to lineal heirs and also collateral heirs, determine the tax separately as to each
under appropriate tax tables (located on the back of Schedule J) as if there were two estates. The two amounts of tax
will equal the total tax due on the decedent’s estate. Unless the will otherwise provides, the tax shall be apportioned
among lineal and collateral persons.
The tax on interests passing to collateral persons shall be apportioned in the proportion that the value of interest re-
ceived by each collateral person bears to the total of the interests passing to all collateral persons.
The tax on interests passing to lineal persons shall be apportioned in the proportion that the value of interest received by
each lineal person bears to the total of all interests passing to lineal persons.
The values used in determining the tax shall be used for that purpose.
Line 19: Lineal Exemption:
Lineal heirs only for deaths prior to January 1, 2007. (Amount should be prorated per Title
68 O.S. 809 (D).
1.
For the estate of a decedent who dies before January 1, 1999, the exemption shall be One Hundred Seventy-five
Thousand Dollars ($175,000.00);
2.
For the estate of a decedent who dies on or after January 1, 1999, and before January 1, 2000, the exemption
shall be Two Hundred Seventy-five Thousand Dollars ($275,000.00);
3.
For the estate of a decedent who dies on or after January 1, 2000, and before January 1, 2001, the exemption
shall be Four Hundred Seventy-five Thousand Dollars ($475,000.00);
4.
For the estate of a decedent who dies on or after January 1, 2001, and before January 1, 2002, the exemption
shall be Six Hundred Seventy-five Thousand Dollars ($675,000.00);
5.
For the estate of a decedent who dies on or after January 1, 2002, and before January 1, 2004, the exemption
shall be Seven Hundred Thousand Dollars ($700,000.00);
6.
For the estate of a decedent who dies on or after January 1, 2004, and before January 1, 2005, the exemption
shall be Eight Hundred Fifty Thousand Dollars($850,000.00);
7.
For the estate of a decedent who dies on or after January 1, 2005, and before January 1, 2006, the exemption
shall be Nine Hundred Fifty Thousand Dollars ($950,000.00); and
8.
For the estate of a decedent who dies on or after January 1, 2006, and before January 1, 2007, the exemption
shall be One Million Dollars ($1,000,000.00).
Line 19: Lineal and Collateral Exemption:
9.
For the estate of a decedent who dies on or after January 1, 2007, and before January 1, 2008, the exemption
shall be a total of One Million Dollars ($1,000,000.00) for both lineal and collateral heirs.
10.
For the estate of a decedent who dies on or after January 1, 2008, and before January 1 2009, the exemption shall
be a total of Two Million Dollars ($2,000,000.00) for both lineal and collateral heirs.
11.
For the estate of a decedent who dies on or after January 1, 2009, and before January 1, 2010, the exemption
shall be a total of Three Million Dollars ($3,000,000.00) for both lineal and collateral heirs.
Line 21:
If heirs are both lineal and collateral, record each tax separately on Line 21 and show the total tax.
Line 22:
If property included in the Estate has been taxed in a prior estate in Oklahoma within the last ten (10) years
there is a credit allowed as per Title 68, Section 802.1. (Form 454-PTP) The credit is 100% within the first two years;
80% from two to four years; 60% from four to six years; 40% from six to eight years; 20% from eight to ten years.
Line 24:
To be used only when Oklahoma’s pro rata share of the Credit for State Death Tax allowable on the Federal
return (Form 706) exceeds the Oklahoma tax as shown on line 23.
Line 26:
Oklahoma Estate Tax does not impose a penalty for late filing or late payment. However, interest accrues on
all taxes not paid within nine months of the date of death.

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