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2019 Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 16. Estate and Generation-Skipping Taxes
Part 10. Generation-Skipping Transfer Tax
72-16-1006. Duty to claim maximum credit
Universal Citation: MT Code § 72-16-1006 (2019)
72-16-1006. Duty to claim maximum credit. A person liable for payment of the tax imposed under 72-16-1002 shall claim the maximum federal credit allowable for the portion of the state generation-skipping transfer tax paid with respect to property included in a taxable generation-skipping transfer. A person claiming less than the maximum federal credit allowable is liable for the full amount of the tax imposed under 72-16-1002.
History: En. Sec. 6, Ch. 273, L. 1991.
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