Form Inh 300 - State Gift Tax Return Page 3
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4SCHEDULE B
COMPUTATION OF TAXABLE GIFTS
(1) Total gifts of donor (from Schedule A) ..................................................................................................
________________________ 1
(2) One-half of items ______ to ______ attributable to spouse ...............................................................
________________________ 2
(3) Balance (Line 1 minus Line 2) .............................................................................................................
________________________ 3
(4) Gifts of spouse to be included (from Line 2, Schedule B of spouse’s return) ....................................
________________________ 4
(5) Total gifts (Line 3 plus Line 4) .............................................................................................................
________________________ 5
(6) Deductions
(a) Total of items______ to ______ given to spouse .........................................................................
________________________ 6a
(b) Charitable, public and similar gifts .................................................................................................
________________________ 6b
(7) Total deductions [Line 6(a) plus Line 6(b)] ..........................................................................................
________________________ 7
(8) Total gifts after deductions (Line 5 minus Line 7) ...............................................................................
________________________ 8
(9) Total gifts to Class A donees ...............................................................................................................
________________________ 9
(10) Total exclusions for the calendar year for each
Class A donee (except gifts of future interest) .....................................................................................
________________________ 10
(11) Exemption: $10,000 less amount on Line 10 (if Line 10 is $10,000 or greater,
10,000.00
enter zero) Do not enter more than $10,000 on this line ..................................................................
________________________ 11
10,000.00
(12) Total Class A exemptions (Line 10 plus Line 11) ...............................................................................
________________________ 12
-10,000.00
(13) Total taxable Class A gifts (Line 9 minus Line 12) ..............................................................................
________________________ 13
(14) Total gifts to Class B donees (Line 8 minus Line 9) ...........................................................................
________________________ 14
(15) Total exclusions not exceeding $3,000 for the calendar year
for each Class B donee (except gifts of future interest) .......................................................................
________________________ 15
(16) Exemption: $5,000 less amount on Line 15 (if Line 15 is $5,000 or greater,
5,000.00
enter zero) Do not enter more than $5,000 on this line ....................................................................
________________________ 16
5,000.00
(17) Total Class B exemptions (Line 15 plus Line 16) ...............................................................................
________________________ 17
-5,000.00
(18) Total taxable Class B gifts (Line 14 minus Line 17) ...........................................................................
________________________ 18
-5,000.00
(19) Total taxable gifts (Line 13 plus Line 18) .............................................................................................
________________________ 19
SCHEDULE C
COMPUTATION OF TAX (For Gifts made after 1983)
(1) Class A taxable gifts from Schedule B, Line 13
AMOUNT
RATE
TAX
(a) First $40,000, or part thereof = _______________________________ X 5.5% = _________________________________
(b) Next $200,000, or part thereof = ______________________________ X 6.5% = _________________________________
(c) Next $200,000, or part thereof = ______________________________ X 7.5% = _________________________________
(d) Amount over $440,000 .. ____________________________________ X 9.5% = _________________________________
(e) Total Class A tax (Add lines a through d and transfer to Page 1, Line 1) ............... = _________________________________
(2) Class B taxable gifts from Schedule B, Line 18
AMOUNT
RATE
TAX
(a) First $50,000, or part thereof = _______________________________ X 6.5% = _________________________________
(b) Next $50,000, or part thereof = _______________________________ X 9.5% = _________________________________
(c) Next $50,000, or part thereof = _______________________________ X 12.0% = _________________________________
(d) Next $50,000, or part thereof = _______________________________ X 13.5% = _________________________________
(e) Amount over $200,000 .. ____________________________________ X 16.0% = _________________________________
(f) Total Class B tax (Add lines a through e and transfer to Page 1, Line 2) ............... =
_________________________________
INTERNET (08-11)
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