§ 67-8-421. [reserved.]
Failure or refusal to make any report or return provided for in this part and part 3 of this chapter is a Class C misdemeanor. The payment of any penalty imposed shall in no wise affect the liability for the tax, interest and any other penalties prescribed in this part. The making of a false […]
§ 67-8-423. Liability of Executors, Administrators and Trustees. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Executors, administrators and trustees shall be liable for all taxes payable on the estate, together with any interest or penalties provided in this part, until the same shall have been paid; provided, that in no case shall such executor, administrator or trustee be liable for a greater amount than was actually received by the executor, […]
§ 67-8-424. Insurance Companies — Notice of Death of Insured. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Every life insurance company or association doing business in this state shall, within ten (10) days after the approval of proof of death of a person insured under a policy or policies, in such companies or association, give notice in writing to the commissioner where the estate is being administered stating: The date and amount […]
§ 67-8-425. Applicability of Part to Decedents Who Die in 2016 or Later
This part does not apply in the case of any decedent who died in 2016 or in any subsequent year.
§ 67-8-415. Collection of Tax — Reports by Commissioner. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
The commissioner shall collect the tax imposed by this part and part 3 of this chapter and deposit the tax in such depository, or depositories, as the commissioner may select, which shall have executed and filed with the commissioner a bond in an amount fixed by the commissioner, signed by an approved surety company authorized […]
§ 67-8-416. Refunds Authorized. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
The commissioner is empowered to make refund of any excess, erroneous or improper tax payment received by the commissioner out of the funds in the commissioner’s keeping to the estate from which it is received.
§ 67-8-417. Payment of Tax From Estate — Transfer or Distribution of Property. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
All taxes due by an estate under this part and part 3 of this chapter shall be paid by the executor, administrator or trustee out of the funds in the executor’s, administrator’s or trustee’s hands for distribution, and no part of the property of an estate subject to this tax shall be distributed until the […]
§ 67-8-418. Safe Deposit Vaults. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
No person engaged in the business of renting safe deposit vaults or other receptacles of similar character, shall rent any such vault or receptacle without first requiring all persons entitled to access thereto to agree in writing to notify the lessor of the death of any such person, and all persons having the right of […]
§ 67-8-419. Time for Payment — Installments — Extensions. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
The tax imposed by this part and part 3 of this chapter shall be due and payable nine (9) months after the death of the transferor, or at the expiration of the additional time granted by the commissioner pursuant to § 67-8-409, but such tax may be paid sooner, if assessment thereof has been completed, […]
§ 67-8-420. Receipts and Certificates of Payment. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Upon the payment of the whole tax imposed against an estate under this part and part 3 of this chapter, the commissioner shall issue receipt therefor in duplicate to the representative of the estate, one (1) copy of which shall be filed in the office of the clerk of the court in which such estate […]