1 Keep in mind that some states also impose their own state inheritance or estate taxes. California, however, has no state inheritance or estate tax.  The ability to give away more at death without paying federal estate tax may make some of you more comfortable with the idea of making larger gifts during your lifetime.
Freebase(0.00 / 0 votes)Rate this definition: Piazza. A piazza is a city square in Italy, Malta, along the Dalmatian coast and in surrounding regions. The term is roughly equivalent to the Spanish plaza. In Ethiopia, it is used to refer to a part of a city.
The Milbreys, father and son, came up and greeted the group on the piazza. The old feller was sittin' on the piazza in a big rattan chair. When he went out on the piazza he saw excitement among his comrades. Though all cannot live on the piazza,â as the Tuscan proverb has it, âevery one may feel the sun. Will ye come in th' parlor, er had ye ruther set out on th' piazza? I saw father go into the room a moment since, and grandpa's out on the piazza. So she went into the house, procured a book, and sat on the piazza.