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Indiana Code — Title 6 (Taxation)

IC 6-4.1-8-2

Transfers prohibited until tax paid; limited transfers

Official textiga.in.govlast amended

Sec. 2.

# (a)

The personal representative of a decedent's estate or the trustee of property transferred by the decedent may not transfer or deliver property to a transferee unless the inheritance tax imposed with respect to the transfer has been paid.

# (b)

If money is transferred by the decedent to a transferee for a limited period of time, the personal representative or trustee shall retain the total inheritance tax imposed on all the interests in the money.

# (c)

If property other than money is transferred by the decedent to a transferee for a limited period of time, the transferees of the interests in the property shall pay to the personal representative or trustee the inheritance tax imposed on the interests. The personal representative or trustee shall apply to the department of state revenue for a determination of the amount which each transferee is required to pay under this subsection.
As added by Acts 1976, P.L.18, SEC.1. Amended by P.L.79-2017, SEC.36.

Amendment history

As added by Acts 1976, P.L.18, SEC.1. Amended by P.L.79-2017, SEC.36.

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Nearby sections (25 sections)
  1. 6-4.1-7-0.5 · Applicability
  2. 6-4.1-7-1 · Rehearing
  3. 6-4.1-7-2 · Reappraisal; petition; time of filing
  4. 6-4.1-7-3 · Appointment of reappraiser; powers; compensation
  5. 6-4.1-7-4 · Report or reappraisal; redetermination of taxes; filing of
  6. 6-4.1-7-5 · Non-resident decedent's property; appeal of department
  7. 6-4.1-7-6 · Probate court determination of tax due as provisional…
  8. 6-4.1-7-6.5 · Probate court review of an inheritance tax determination…
  9. 6-4.1-7-7 · Redetermination of inheritance tax; appeal
  10. 6-4.1-8-0.1 · Repealed
  11. 6-4.1-8-0.5 · Applicability
  12. 6-4.1-8-1 · Attachment and termination of lien; persons liable for
  13. 6-4.1-8-2 · Transfers prohibited until tax paid; limited transfers
  14. 6-4.1-8-3 · Sale of property to pay decedent's debts
  15. 6-4.1-8-4 · Personal property; consent to transfer
  16. 6-4.1-8-4.5 · Repealed
  17. 6-4.1-8-4.6 · Checking account; notice of transfer of funds to person…
  18. 6-4.1-8-5 · Life insurance proceeds; damages payable in a cause of…
  19. 6-4.1-8-6 · Repealed
  20. 6-4.1-8-7 · Violations of IC 6-4.1-8-4 or IC 6-4.1-8-5; penalties
  21. 6-4.1-8-8 · Repealed
  22. 6-4.1-9-0.1 · Repealed
  23. 6-4.1-9-0.5 · Applicability
  24. 6-4.1-9-1 · Due date for taxes; interest on delinquent portion;…
  25. 6-4.1-9-1.5 · Due date for taxes when petition for redetermination of
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