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1997 SESSION

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HB 2222 Apportionment for estate tax purposes.

Introduced by: William J. Howell | all patrons    ...    notes | add to my profiles

SUMMARY:

Apportionment for estate tax purposes. Requires apportionment of any interest and penalty imposed by a taxing authority for estate taxes. The interest or penalty may be apportioned against either the temporary interest, the estate, or the corpus, at the discretion of the fiduciary. The current Code only mentions apportionment of any "tax" paid.


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