Sec. 12-395a. Written agreements of compromise by the commissioner.
Sec. 12-395a. Written agreements of compromise by the commissioner. If the
Commissioner of Revenue Services determines that a decedent at the time of his death
was a resident of this state and the taxing authorities of another jurisdiction have determined that such decedent at the time of his death was a resident of such other jurisdiction
and the estate of such decedent is subject to and has paid an estate tax that is imposed by
such other jurisdiction, the commissioner may make a written agreement of compromise
with such taxing authorities and the duly authorized executor or administrator of such
estate that a certain sum, including any interest or penalties to the date of the signing
of the agreement, shall be accepted in full satisfaction of any estate tax imposed by this
state on such estate. Such agreement shall also fix the amount to be accepted by such
other jurisdiction in full satisfaction of any estate tax imposed by such jurisdiction on
such estate. The executor or administrator of such estate is hereby authorized to make
such agreement.
(P.A. 97-165, S. 5, 16.)
History: P.A. 97-165 effective July 1, 1997, and applicable to the estate of any person whose death occurs on or after
July 1, 1997.