Sec. 12-373. Agreement of compromise to fix amount of tax.
Sec. 12-373. Agreement of compromise to fix amount of tax. An agreement of
compromise made pursuant to section 12-372 shall fix the amount to be accepted in full
satisfaction of the tax imposed by this chapter, including any interest to the date of filing
the agreement, and shall likewise fix the amount to be accepted by the other state or
states in full satisfaction of the death taxes thereof. The amount fixed in such agreement
shall finally determine the amount of the tax imposed by this chapter without regard to
any other provision of the laws of this state. If a tax would have been imposed upon the
transfer of the decedent's estate under the provisions of chapter 217 if he had died
domiciled in this state, such agreement shall also fix the amount to be accepted in full
satisfaction of the tax imposed by said chapter, including any interest to the date of filing
the agreement, and the Commissioner of Revenue Services shall determine and assess
the tax imposed by said chapter at the amount fixed in such agreement and such determination and assessment shall finally determine the amount of the tax imposed by said
chapter, without regard to any other provision of the laws of this state.
(1949 Rev., S. 2049; 1949, S. 1155d; 1971, P.A. 863, S. 8; P.A. 77-614, S. 139, 610.)
History: 1971 act deleted requirement for decree after agreement filed in probate court of district where commissioner
claims decedent resided at time of death, effective January 1, 1972, and applicable to estates of persons dying on and after
that date (all estates of persons dying before January 1, 1972, are subject to succession or inheritance tax laws applicable
before that date and continued in force for that purpose); P.A. 77-614 substituted commissioner of revenue services for
tax commissioner, effective January 1, 1979.