NU Online News Service, Dec.15, 2:41 p.m. EST
WASHINGTON–The inheritance tax, an issue for the heirs to small insurance agencies, will likely be allowed expire and then be reinstated retroactively an insurance trade group said.
A representative of the Association for Advanced Life Underwriting explained that because of congressional inaction the tax will probably expire at year's end only to be reinstated retroactively at 2009 levels for an interim period early next year.
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