14-413. DISTRIBUTION OF RECEIPTS. The commission shall collect all taxes and moneys that may be due under this act, and remit such moneys to the state treasurer. Such moneys shall be distributed as follows:

(1) Ten percent (10%) of such moneys shall be distributed into a suspense account for payment to the county treasurer of the county in which venue for probate and administration lies, pursuant to section 15-3-201, Idaho Code, regardless of whether such probate or administration was, in fact, instituted. Such moneys shall be paid by the commission to the appropriate counties not less than quarterly, and shall be credited to the county current expense fund.

(2) An amount of money shall be distributed to the state refund account sufficient to pay current refund claims. All refunds authorized by the commission to be paid shall be paid through the state refund account, and those moneys are hereby continuously appropriated for that purpose. Such refunds shall be authorized for the purpose of repaying overpayments made under the transfer and inheritance tax act, for the purpose of repaying any other erroneous receipts under such tax, for the purpose of repaying any tax, penalty, or interest illegally assessed or collected, or for the purpose of paying any judgment rendered against the commission under the terms and provisions of this act.

(3) The balance remaining after distributing the amounts in subsections (1) and (2) of this section shall be distributed to the general fund of the state of Idaho.

History:

[14-413, added 1988, ch. 300, sec. 2, p. 952; am. 1992, ch. 270, sec. 1, p. 837; am. 2000, ch. 60, sec. 1, p. 131.]