Chapter 216. Succession and Transfer Taxes
Section
12-340Tax on transfers of property. Sunset of chapter.12-341Taxable transfers by persons dying on and after July 1, 1959, and prior to July 1, 1963.12-341aEffective date.12-341bTaxable transfers by persons dying on and after July 1, 1963.12-341cEffective date.12-342Life, accident and war risk insurance.12-343Jointly-owned property.12-344Rates.12-344aAdditional amount added to tax.12-344bApplicable rates.12-345Revocable trusts.12-345aTaxation of property transferred by exercise or nonexercise of a power of appointment.12-345bTaxation of property transferred by exercise or nonexercise of power of appointment: Definitions.12-345cTaxable transfer made, when.12-345dLapse of power.12-345eTax liability for transfer of property subject to general power of appointment.12-345fPower created on or before October 21, 1942.12-346Transfers to executors and trustees in lieu of commissions.12-347Exemptions.12-348Declaration by officer of corporation or other entity claiming exemption.12-349Gross taxable estate.12-349aEffective date.12-350Net estate of resident transferors; deductions.12-351Administration expenses not deductible.12-352Net estate of nonresident transferor; deductions.12-353Life estates; annuities.12-354Estate which may be divested.12-355Compounding of tax. Contingent remainders.12-356Determination of value of contingent interest by Insurance Commissioner.12-357Supervision by commissioner.12-358Reports by clerks of probate courts. Certified copies of wills and papers.12-359Reports of representatives of transferors.12-360 to 12-362U.S. money, bonds and bank accounts: Reports as to ante mortem transfers dispensed with; inventory and appraisal not required. Waiver of returns, reports, inventories and appraisals.12-363Jointly-owned real property; certificate of tax payment.12-364Certificate of release of lien. Regulations.12-365Administration on taxable transfer.12-366Lien for taxes. Regulations.12-367Computation and assessment of tax; objections thereto. Refund of overpayment. When amendment to return not required.12-368Waiver of hearing on computation of tax.12-369Action for quieting title to property.12-370Forms. Reciprocal exchange of information.12-371Estates of nonresident decedents; cooperation with other states.12-372Authority to compromise or arbitrate dispute as to decedent's domicile.12-373Agreement of compromise to fix amount of tax.12-374Determination of domicile by arbitration.12-375Tax due at death.12-376Payment. Interest. Extensions.12-376aWaiver of interest on tax on certain transfers.12-376bOptional payment in installments up to ten years when interest in closely held business exceeds thirty-five per cent of gross estate.12-376cExtension of time for payment when estate consists primarily of works of art of the decedent.12-376dTax credit for the value of a work of art accepted by the state from the estate of a deceased artist whose net taxable estate is subject to tax under this chapter.12-377Temporary payments.12-378Opinion of no tax due by probate court. Receipts and certificates.12-379Computation and payment by fiduciary.12-380Commissioner may compromise tax.12-381Enforcement against personal property.12-382Transfers prohibited prior to commissioner's written consent. Exception in case of certain payments to a beneficiary under retirement plans or contracts and transfers to a surviving spouse.12-383Penalty for false return or affidavit.12-384Liability of representatives of estates and transferees.12-385Enforcement by sale of property.12-386Legacy charged on real property.12-387Abatement.12-387aOut-of-state action to collect succession tax; local tax.12-387bReciprocity.12-387c“Tax” to include interest and penalties.12-388Certain refunds to estates subject to additional succession tax.12-389Appointment of attorneys to represent the Commissioner of Revenue Services.12-390Applicability of this chapter. Continuance in force of former statutes.