Due date for taxes; interest on delinquent portion; unavoidable
delays
Sec. 1. (a) Except as otherwise provided in IC 6-4.1-6-6(b), the
inheritance tax imposed as a result of a decedent's death is due
twelve (12) months after the person's date of death. If a person liable
for payment of inheritance tax does not pay the tax on or before the
due date, the person shall, except as provided in subsection (b) of
this section, pay interest on the delinquent portion of the tax at the
rate of ten percent (10%) per year from the date of the decedent's
death to the date payment is made.
(b) If an unavoidable delay, such as necessary litigation, prevents
a determination of the amount of inheritance tax due, the appropriate
probate court, in the case of a resident decedent, or the department
of state revenue, in the case of a non-resident decedent, may reduce
the rate of interest imposed under this section, for the time period
beginning on the date of the decedent's death and ending when the
cause of delay is removed, to six percent (6%) per year.
As added by Acts 1976, P.L.18, SEC.1. Amended by P.L.252-2001,
SEC.6.
Last modified: May 28, 2006