Sd Eform-0878 V1 - South Dakota Inheritance/estate Tax Page 9
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9Table 5: SDCL 10-40-21 (5)
Table 2: SDCL 10-40-21 (2)
If the amount assigned is:
If the amount assigned is:
over
but not over
the tax due is
of the amount over
over
but not over
the tax due is
of the amount over
100
15,000
6%
100
3,000
15,000
3%
3,000
15,000
50,000
$894+15%
15,000
15,000
50,000
$360+7 1/2%
15,000
50,000
100,000
$6144+24%
50,000
50,000
100,000
$2985+12%
50,000
100,000
----------
$18,144+30%
100,000
100,000
---------
$8985+15%
100,000
Table 3: SDCL 10-40-21(3)
Table 6: SDCL 10-40-21(6)
If the amount assigned is:
If the amount assigned is:
over
but not over
the tax due is
of the amount over
over
but not over
the tax due is
of the amount over
500
15,000
4%
500
0
15,000
3%
0
15,000
50,000
$580+10%
15,000
15,000
50,000
$450+7 1/2%
15,000
50,000
100,000
$4080+16%
50,000
50,000
100,000
$3075+12%
50,000
100,000
---------
$12,080+20%
100,000
100,000
----------
$9075+15%
100,000
Table 4: SDCL 10-40-21(4)
If the amount assigned is:
over
but not over
the tax due is
of the amount over
200
15,000
5%
200
15,000
50,000
$740+12 1/2%
15,000
50,000
100,000
$5115+20%
50,000
100,000
---------
$15,115+25%
100,000
(Instructions for allocation and computation schedule continued from page 8)
(D)
List the total amount assigned on Line 12 of the Allocation and Computation Schedule. (This should equal line 11(h) on page 1.)
(E)
Of the assets listed on schedules A through C-1, and taking into account farm and business debts listed on schedule D, please list the net
value of assets of continuing farms and businesses described on line 12a.
If a business has to be liquidated to pay death taxes, line 12b is an opportunity to explain to state government the impact of such taxes.
(F)
List the total inheritance tax imposed on Line 13.
(G)
Determine the amount of federal credit for state death taxes and compute the South Dakota estate tax on Line 14.
(H)
Enter total estimated tax due on Line 15.
(I)
Compute the interest due if the tax was not paid within the first year after death and insert on Line 16 (a), (b) or (c) . If decedent died
before July 1, 1991, interest is computed at the rate of 1 1/2% per month or fraction thereof from one year after the date of death. If
decedent died on or after July 1, 1991, the interest is computed at the Category B rate established by SDCL 54-3-16 from one year after
date of death. The interest that is chargeable for deaths occurring after July 1, 1994, is 10% pursuant to SDCL 54-3-16. If there is no
interest due, leave Lines16 (a), (b) and (c) blank.
(J)
Add total inheritance tax, estate tax and interest due and insert on Line 17.
(K)
Enter the amount of inheritance or estate tax previously paid or any estimated payment made on Line 18.
(L)
The balance due figure is shown on Line 19 and the refund amount claimed figure is shown on Line 20.
PAYMENTS SHOULD BE MADE PAYABLE TO: South Dakota State Treasurer and sent to the Remittance Processing Center,
P. O. Box 5055, Sioux Falls, South Dakota 57117-5055.
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