2005 Idaho Code - 15-3-1305 — CREDITS AND DEFERRALS

                                  TITLE  15
                             UNIFORM PROBATE CODE
                                  CHAPTER 3
                     PROBATE OF WILLS AND ADMINISTRATION
                                   PART 13
                       UNIFORM ESTATE TAX APPORTIONMENT
    15-3-1305.  CREDITS AND DEFERRALS. Except as otherwise provided in
sections 15-3-1306 and 15-3-1307, Idaho Code, the following rules apply to
credits and deferrals of estate taxes:
    (1)  A credit resulting from the payment of gift taxes or from estate
taxes paid on property previously taxed inures ratably to the benefit of all
persons to which the estate tax is apportioned.
    (2)  A credit for state or foreign estate taxes inures ratably to the
benefit of all persons to which the estate tax is apportioned, except that the
amount of a credit for a state or foreign tax paid by a beneficiary of the
property on which the state or foreign tax was imposed, directly or by a
charge against the property, inures to the benefit of the beneficiary.
    (3)  If payment of a portion of an estate tax is deferred because of the
inclusion in the gross estate of a particular interest in property, the
benefit of the deferral inures ratably to the persons to which the estate tax
attributable to the interest is apportioned. The burden of any interest
charges incurred on a deferral of taxes and the benefit of any tax deduction
associated with the accrual or payment of the interest charge is allocated
ratably among the persons receiving an interest in the property.