Indiana Code — Title 6 (Taxation)
IC 6-4.1-6-3
Agreements with department for computing taxes
Sec. 3. (a) The department of state revenue and a taxpayer may enter into an agreement under which the department will compute the inheritance tax due with respect to a taxable transfer if:
# (1)
it is impossible to compute the present value of the property interest transferred; or
# (2)
the tax imposed on the transfer cannot be computed because a contingency makes it impossible to determine who will take the property.
The personal representative of an estate or the trustee of a trust may, without court authorization, enter into such an agreement with the department on behalf of the estate or trust.
(b) When the department of state revenue enters into an agreement with a taxpayer under this section, the tax computed by the department is payable from the property interest transferred.
As added by Acts 1976, P.L.18, SEC.1.
Amendment history
As added by Acts 1976, P.L.18, SEC.1.
Source: view the official text
Nearby sections (25 sections)
- 6-4.1-5-9 · Repealed
- 6-4.1-5-10 · Orders of inheritance tax and witness fees due; form
- 6-4.1-5-11 · Determination of inheritance tax due; mailing of copies to
- 6-4.1-5-12 · Repealed
- 6-4.1-5-13 · Appointment of temporary guardian
- 6-4.1-5-14 · Appraisal and determination of tax due on nonresident
- 6-4.1-5-15 · Orders with respect to nonresident decedent's estate;…
- 6-4.1-5-16 · Notice of taxes due upon nonresident decedent's estate
- 6-4.1-5-17 · Transfers by will; property not specifically bequeathed or
- 6-4.1-6-0.5 · Applicability
- 6-4.1-6-1 · Mortality standards and actuarial tables; valuation of…
- 6-4.1-6-2 · Property interests that may be divested
- 6-4.1-6-3 · Agreements with department for computing taxes
- 6-4.1-6-4 · Determinations of the manner in which property probably will
- 6-4.1-6-5 · Appraisal of limited, contingent, dependent, or determinable
- 6-4.1-6-6 · Contingent or defeasible future interests; appraisal
- 6-4.1-7-0.1 · Repealed
- 6-4.1-7-0.5 · Applicability
- 6-4.1-7-1 · Rehearing
- 6-4.1-7-2 · Reappraisal; petition; time of filing
- 6-4.1-7-3 · Appointment of reappraiser; powers; compensation
- 6-4.1-7-4 · Report or reappraisal; redetermination of taxes; filing of
- 6-4.1-7-5 · Non-resident decedent's property; appeal of department
- 6-4.1-7-6 · Probate court determination of tax due as provisional…
- 6-4.1-7-6.5 · Probate court review of an inheritance tax determination…