§ 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.
§ 67-8-501. Part Definitions. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-507.]
As used in this part, unless the context otherwise requires: “Executor” means any executor of the will or administrator of the estate of a decedent, except an ancillary administrator; “Inheritance tax” means any tax levied by a state on account of the transfer or shifting of economic benefits in property at death, or in contemplation […]
§ 67-8-502. Election of Provisions — Invocation of Provisions by Election — Effect of Election. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-507.]
In any case in which this state and one (1) or more other states each claims that it was the domicile of a decedent at the time of death, and no judicial determination of domicile for inheritance tax purposes has been made in any such states, any executor, or the taxing official of any such […]
§ 67-8-411. Appraisal of Estate by Commissioner. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Upon receipt of such return from the executor, administrator or trustee, the commissioner shall proceed to make an appraisal of the various items of the gross estate and to investigate deductions claimed by such representative of the estate. In making the appraisal, the commissioner shall direct the commissioner’s deputies, agents or assistants to investigate the […]
§ 67-8-412. Basis of Appraisal. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
All property, real and personal, shall be appraised at its full and true value at the date of the death of the decedent; provided, that stocks and bonds listed on recognized exchanges shall be appraised by ascertaining their quoted value on the date of death of the decedent or on the nearest business day of […]
§ 67-8-413. Nonresident’s Estate — Determination by Commissioner. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
In the absence of administration in this state upon the estate of a nonresident decedent, the commissioner may, at the request of any representative of such state, duly appointed and qualified in the state of decedent’s domicile, or at the request of any beneficiary of such estate, or at the request of a transferee or […]
§ 67-8-414. Liens. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Upon the issuance by the state of a receipt to an administrator or executor who has paid the tax imposed by parts 3-5 of this chapter, the administrator or executor shall be subrogated to any lien or right to proceed against any transferred property in the hands of a transferee, donee, or bona fide purchaser […]
§ 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 […]