Michigan Compiled Laws 188-1899-definitions. Definitions. (205.221...205.256)

• Section 205.221 Definitions.
  As used in this act: (a) “Estate” or “property” means the property or interest in property of the testator, intestate, grantor, bargainor, or vendor,...
• Section 205.222 Report.
  Not later than January 1, 1996, the state treasurer shall submit a report to the committees of the house and senate having jurisdiction over...
• Section 205.223 Applicability Of Sections.
  Notwithstanding any other provisions of this act, the following apply: (a) Sections 1 through 22 apply only to the estate of a resident or...
• Section 205.231 Short Title.
  This act shall be known and may be cited as the “Michigan estate tax act”. History: Add. 1993, Act 54, Imd. Eff. June 3,...
• Section 205.232 Tax On Transfer Of Estate Of Residents And Nonresidents.
  (1) A tax is imposed upon the transfer of the estate of every person who at the time of death was a resident of...
• Section 205.233 Tax On Generation-skipping Transfer For Residents And Nonresidents.
  (1) A tax is imposed upon every generation-skipping transfer in which the original transferor is a resident of this state at the date of...
• Section 205.234 Notification As Personal Representative; Waiver Of Notice.
  The personal representative, within 2 months after the decedent's death, or within 2 months after qualifying as the personal representative, whichever is later, shall...
• Section 205.235 Filing Return; Waiver; Extension Of Time For Filing.
  The personal representative of every estate required by the laws of the United States to file a federal return shall file a return with...
• Section 205.236 Transfer Taxes; Payment; Extension; Interest And Penalties.
  The transfer taxes imposed by this act are due and payable on or before the last day prescribed by law for paying the corresponding...
• Section 205.237 Liability.
  The person liable for payment of the federal transfer tax is personally liable for the tax, penalties, and interest imposed by this act to...
• Section 205.238 Amended Return; Filing; Claim For Refund; Final Determination Of Federal Transfer Tax; Refund Prohibited Under Certain Conditions.
  (1) If the federal authorities increase or decrease the amount of the federal transfer tax, an amended return shall be filed with the department...
• Section 205.239 Assessment Of Additional Tax Interest Or Penalty.
  If upon examination of any return the department determines that any additional tax interest or penalty is owing, the tax together with any applicable...
• Section 205.240 Calculation Of Penalties And Interest; Accrual Of Interest On Refunds.
  (1) Penalties and interest provided for under sections 23 and 24 of 1941 PA 122, MCL 205.23 and 205.24, shall be calculated on the...
• Section 205.241 Issuance Of Receipts; Determination Of Tax And Discharge From Personal Liability; Operation Of Discharge.
  Upon payment of the tax under this act, the department shall issue to the personal representative receipts in triplicate, each of which is sufficient...
• Section 205.242 Apportionment Of Tax.
  The tax due under this act shall be apportioned as provided by the uniform estate tax apportionment act, Act No. 144 of the Public...
• Section 205.243 Tax As Lien Against Gross Estate; Attachment To Consideration Received For Property; Waiver.
  The tax imposed under section 32 is a lien upon the gross estate of the decedent until paid in full. Any part of the...
• Section 205.244 Personal Representative; Distribution Without Payment Of Tax Or Release From Lien; Personal Liability.
  If a personal representative makes a distribution either in whole or in part of any of the property subject to the transfer tax under...
• Section 205.245 Personal Representative; Rights And Powers.
  Every personal representative has the same right and power to take possession of or sell, convey, and dispose of real estate as assets of...
• Section 205.246 Probate Court; Jurisdiction; Appeal Of Department Decision; Action To Recover Taxes, Penalties, And Interest; Other Actions.
  (1) The probate court has exclusive jurisdiction of any court proceedings concerning this act. Every action shall be brought in the probate court for...
• Section 205.247 Final Account.
  A final account of a personal representative of the estate when the value of the gross estate wherever situated exceeds the federal unified credit...
• Section 205.248 Probate Court; Notice Of Certain Information To Department.
  Upon the request of the department each probate court of this state, on or before the tenth day of every month, shall notify the...
• Section 205.249 Corporation As Personal Representative; Powers And Duties.
  If the personal representative of the estate of a nonresident is a corporation duly authorized, qualified, and acting as a personal representative in the...
• Section 205.250 Certificate Of Nonliability.
  If it appears to the department that an estate is not subject to any tax under this act, the department shall issue to the...
• Section 205.251 Discharge Of Liability.
  If a receipt for the payment of taxes or a certificate of nonliability for taxes has not been issued or recorded as provided for...
• Section 205.252 Disposition Of Taxes And Fees.
  All taxes and fees levied and collected under this act shall be paid into the state treasury to the credit of the general fund....
• Section 205.253 Tax On Personal Property.
  A tax shall not be imposed in respect of personal property, except tangible personal property having an actual situs in this state, if 1...
• Section 205.254 Administration Of Tax; Rules; Forms.
  (1) The taxes imposed by this act shall be administered by the revenue division of the department of treasury pursuant to Act No. 122...
• Section 205.255 Application Of Rules Of Interpretation And Construction; “value Or Gross Value Of Property” Explained.
  (1) If not otherwise provided for in this act, the rules of interpretation and construction applicable to the internal revenue code shall apply to...
• Section 205.256 Additional Definitions.
  As used in this act: (a) “Decedent” means a deceased person and includes, but is not limited to, a testator, grantor, bargainor, vendor, donor,...

Last modified: October 10, 2016