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Indiana Code — Title 6 (Taxation)

IC 6-4.1-8-5

Life insurance proceeds; damages payable in a cause of action

Official textiga.in.govlast amended

maintained by a personal representative
Sec. 5.

# (a)

Within ten (10) days after life insurance proceeds are paid to a resident decedent's estate, the life insurance company shall give notice of the payment to the department of state revenue.

# (b)

Not later than ten (10) days after damages payable under a cause of action maintained by a personal representative under IC 34-9-3-4 are paid to a resident decedent's estate, the person making the payment shall give notice of the payment to the department of state revenue.
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1977(ss), P.L.6, SEC.9;
P.L.157-1992, SEC.1; P.L.6-1999, SEC.1; P.L.143-2009, SEC.2; P.L.79-2017, SEC.38.

Amendment history

As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1977(ss), P.L.6, SEC.9; P.L.157-1992, SEC.1; P.L.6-1999, SEC.1; P.L.143-2009, SEC.2; P.L.79-2017, SEC.38.

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  5. 6-4.1-8-0.1 · Repealed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  11. 6-4.1-8-4.5 · Repealed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  14. 6-4.1-8-6 · Repealed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  16. 6-4.1-8-8 · Repealed
  17. 6-4.1-9-0.1 · Repealed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  21. 6-4.1-9-2 · Repealed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