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Indiana Code — Title 6 (Taxation)

IC 6-4.1-6-5

Appraisal of limited, contingent, dependent, or determinable

Official textiga.in.govlast amended

interests
Sec. 5. If a probate court files an application with the department of state revenue asking the department to appraise a property interest which is limited, contingent, dependent, or determinable upon a life in being, including but not limited to a life or remainder interest, the department shall, if possible, appraise the property interest. The department shall base its appraisal on the facts stated by the court in the application, and the department shall certify its appraisal in duplicate to the court. The department's certification is competent evidence that the appraisal is correct.
As added by Acts 1976, P.L.18, SEC.1.

Amendment history

As added by Acts 1976, P.L.18, SEC.1.

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Nearby sections (25 sections)
  1. 6-4.1-5-11 · Determination of inheritance tax due; mailing of copies to
  2. 6-4.1-5-12 · Repealed
  3. 6-4.1-5-13 · Appointment of temporary guardian
  4. 6-4.1-5-14 · Appraisal and determination of tax due on nonresident
  5. 6-4.1-5-15 · Orders with respect to nonresident decedent's estate;…
  6. 6-4.1-5-16 · Notice of taxes due upon nonresident decedent's estate
  7. 6-4.1-5-17 · Transfers by will; property not specifically bequeathed or
  8. 6-4.1-6-0.5 · Applicability
  9. 6-4.1-6-1 · Mortality standards and actuarial tables; valuation of…
  10. 6-4.1-6-2 · Property interests that may be divested
  11. 6-4.1-6-3 · Agreements with department for computing taxes
  12. 6-4.1-6-4 · Determinations of the manner in which property probably will
  13. 6-4.1-6-5 · Appraisal of limited, contingent, dependent, or determinable
  14. 6-4.1-6-6 · Contingent or defeasible future interests; appraisal
  15. 6-4.1-7-0.1 · Repealed
  16. 6-4.1-7-0.5 · Applicability
  17. 6-4.1-7-1 · Rehearing
  18. 6-4.1-7-2 · Reappraisal; petition; time of filing
  19. 6-4.1-7-3 · Appointment of reappraiser; powers; compensation
  20. 6-4.1-7-4 · Report or reappraisal; redetermination of taxes; filing of
  21. 6-4.1-7-5 · Non-resident decedent's property; appeal of department
  22. 6-4.1-7-6 · Probate court determination of tax due as provisional…
  23. 6-4.1-7-6.5 · Probate court review of an inheritance tax determination…
  24. 6-4.1-7-7 · Redetermination of inheritance tax; appeal
  25. 6-4.1-8-0.1 · Repealed
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