Apportionment of receipts between county and state; transfer to
county and state
Sec. 6. (a) With respect to the inheritance tax imposed as a result
of a resident decedent's death, the county in which the tax is
collected shall receive eight percent (8%) of the inheritance tax paid
as a result of the decedent's death. On the first day of January, April,
July, and October of each year, the county treasurer shall, except as
provided in subsection (b), transfer to the county general fund the
amount due the county under this section. This state shall receive the
remaining ninety-two percent (92%) of the inheritance taxes, all the
interest charges collected by the county treasurer under section 1 or
1.5 of this chapter, and all the penalties collected by the county
treasurer under IC 6-4.1-4-6.
(b) In a county having a consolidated city, the amount due the
county under this section shall be transferred to the general fund of
the consolidated city.
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1980,
P.L.57, SEC.24; Acts 1981, P.L.11, SEC.33; P.L.86-1995, SEC.8.
Last modified: May 28, 2006