Referral of return to tax appraiser; duties
Sec. 2. Within ten (10) days after an inheritance tax return for a
resident decedent is filed with the probate court, the court shall refer
over $500,000 but not
over $1,000,000 .... $47,000, plus 12% of net
taxable value over $500,000
over $1,000,000 ....... $107,000, plus 15% of net
taxable value over
the return to the county inheritance tax appraiser. The county
inheritance tax appraiser shall:
(1) investigate the facts concerning taxable transfers made by
the decedent before his death;
(2) review the return for mistakes and omissions; and
(3) appraise each property interest, transferred by the decedent
under a taxable transfer, at its fair market value as of the
appraisal date prescribed by IC 6-4.1-5-1.5.
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1980,
P.L.57, SEC.14.
Last modified: May 28, 2006