2014 Kentucky Revised Statutes CHAPTER 140 - INHERITANCE AND ESTATE TAXES 140.270 Appraisal and taxation of estate of nonresident -- Notification of state of domicile -- Reciprocity.
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140.270 Appraisal and taxation of estate of nonresident -- Notification of state
of domicile -- Reciprocity.
(1)
(2)
In the absence of administration in this state upon the estate of a nonresident,
the Department of Revenue, at the request of a personal representative duly
appointed and qualified in the state of the decedent's domicile, or of a grantee
under a conveyance made during the grantor's lifetime, and upon satisfactory
evidence furnished by the personal representative or grantee, or otherwise,
may determine whether or not any property of the decedent within this state is
subject to the provisions of this chapter. If so, the department may determine
the amount of tax and adjust the same with the personal representative or
grantee, and for that purpose may appoint an appraiser to appraise the
property. The expense of appraisal shall be charged upon the property in
addition to the tax. The department's certificate of the amount of tax and its
receipt for the amount therein certified may be filed with the county
judge/executive of the county where the property is located, and when so filed
shall be evidence of the payment of the tax to the extent of such certification.
When the tax is not adjusted within six (6) months after the death of the
decedent, the proper District Court, upon application of the department, shall
appoint an administrator in this state.
When evidence of ownership of intangible personal property belonging to a
nonresident decedent is found to be physically located in this state, the
Department of Revenue shall so inform the state official collecting death tax in
the state of domicile of the decedent, if that state furnishes like information to
the Department of Revenue of this state in a reciprocal manner.
Effective:June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 464, effective June 20, 2005. -Amended 1978 Ky. Acts ch. 384, sec. 284, effective June 17, 1978. -- Amended
1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 158, effective January 2, 1978. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. seca. 4281a-44, 4281a-45.
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