Reduction of taxes for payment within one year of death
Sec. 2. If the inheritance tax imposed as a result of a decedent's
death is paid within nine (9) months after the person's date of death,
the person making the payment is entitled to a five percent (5%)
reduction in the inheritance tax due. When payment is so made, the
person collecting the tax shall grant the five percent (5%) reduction
to the payor.
As added by Acts 1976, P.L.18, SEC.1. Amended by P.L.252-2001,
SEC.7.
Last modified: May 28, 2006