Iowa § 450.51 - 450.51 Annuities — life and term estates.
Full text of Iowa Iowa Code § 450.51 — 450.51 Annuities — life and term estates., with citation guidance and answers to common questions.
§ 450.51. 450.51 Annuities — life and term estates.
The value of any annuity, deferred estate, or interest, or any estate for life or term of years, subject to inheritance tax shall be determined for the purpose of computing the tax by the use of current, commonly used tables of mortality and actuarial principles pursuant to regulations prescribed by the director of revenue. The taxable value of annuities, life or term, deferred, or future estates, shall be computed at the rate of four percent per annum of the established value of the property in which the estate or interest exists or is founded. [S13, §1481-a16; C24, 27, 31, 35, 39, §7356; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §450.51] 83 Acts, ch 177, §20, 38; 2003 Acts, ch 145, §286 Referred to in §450.47 See mortality tables at end of Vol VIII Fri Dec 12 20:28:58 2025 Iowa Code 2026, Section 450.51 (19, 0)
Source: official Iowa text · Last verified 2026-08-27
Frequently Asked Questions About Iowa § 450.51
What does Iowa Code § 450.51 cover?
Section 450.51 ("450.51 Annuities — life and term estates.") is part of the Iowa Code, the codified statutory law of Iowa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Iowa § 450.51?
A common citation format is "Iowa Code § 450.51" (Iowa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 450.51 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Iowa.