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6-4.1-7-6. Probate court determination of tax due as provisional estimate; redetermination resulting from federal estate tax valuation

IN Code § 6-4.1-7-6 (2019) (N/A)
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Sec. 6. (a) The department of state revenue may accept a probate court's determination of the inheritance tax due as a result of a decedent's death as a provisional estimate of the inheritance tax imposed.

(b) If the final determination of federal estate tax shows a change in the fair market value of the assets of a decedent's estate or a change in deductions, the department of state revenue may petition or cause other persons to petition the probate court which has jurisdiction for a redetermination of the inheritance tax imposed as a result of the decedent's death. The petition must be filed within sixty (60) days after a copy of the final determination of federal estate tax is filed with the department as required by IC 6-4.1-4-8. An inheritance tax redetermination which is made under this section is limited to modifications based on either a change in the fair market value of the assets of the decedent's estate or a change in deductions.

As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1979, P.L.75, SEC.11; P.L.48-1992, SEC.2.

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6-4.1-7-5. Non-resident decedent's property; appeal of department determination; procedures
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6-4.1-7-6.5. Probate court review of an inheritance tax determination or appraisal made by the department of state revenue