32 V.S.A. § 7202 — Agreement; filing; interest and penalties

When the Commissioner of Taxes claims that a decedent was domiciled in this State
at the time of his or her death and the taxing authorities of another state or states
make a like claim on behalf of their state or states, the Commissioner of Taxes may,
with the approval of the Attorney General, make a written agreement of compromise
with the other taxing authorities and the executor or administrator that a certain
sum shall be accepted in full satisfaction of any and all death taxes imposed by this
State, including any interest or penalties to the date of filing agreement. The agreement
shall also fix the amount to be accepted by the other states in full satisfaction
of death taxes. The executor or administrator is hereby authorized to make such agreement.
Either the Commissioner of Taxes or the executor or administrator shall file the agreement,
or a duplicate, with the authority that would be empowered to determine death taxes
for this State if there had been no agreement; and thereupon the tax shall be deemed
conclusively fixed as therein provided. Unless the tax is paid within 30 days after
filing the agreement, interest or penalties shall thereafter accrue upon the amount
fixed in the agreement, but the time between the decedent’s death and the filing shall
not be included in computing the interest or penalties.