06-30-2006, 10:39 PM
Yes, Louisiana imposes an inheritance tax LRS-47:2401 thru 2425, inclusive),and an estate transfer tax (LRS-47:2431 thru 2437, inclusive). The inheritance tax is a tax imposed upon the heirs or legatees of a decedent for the privilege of receiving property from the deceased. Estate transfer tax is a tax designed to absorb the federal state death tax credit allowable under Section 2011 of the Internal Revenue Code. The estate transfer tax does not impose any additional tax burden on the decedent's estate, but merely shifts payment from the federal government to the state.