Sec. 12-506b. Estates of deceased persons.
Sec. 12-506b. Estates of deceased persons. The estate of each deceased person
who last dwelt in the state shall be subject to and liable for the tax imposed by this
chapter upon all dividends and net gains from the sale or exchange of capital assets
actually or constructively received by such person in the year of his death, upon which
a tax is due and has not already been paid under this chapter.
(June, 1971, P.A. 8, S. 21; P.A. 73-356, S. 6, 10; P.A. 75-213, S. 44, 53.)
History: P.A. 73-356 substituted "net gains from the sale or exchange of capital assets" for "interest, dividends and
capital gains, less capital losses" and made technical changes; P.A. 75-213 added references to liability and included
dividends, effective July 1, 1975, and applicable to taxable years commencing on and after January 1, 1975.