Sec. 5. (a) Within ten (10) days after life insurance proceeds are paid to a resident decedent's estate, the life insurance company shall give notice of the payment to the department of state revenue.
(b) Not later than ten (10) days after damages payable under a cause of action maintained by a personal representative under IC 34-9-3-4 are paid to a resident decedent's estate, the person making the payment shall give notice of the payment to the department of state revenue.
As added by Acts 1976, P.L.18, SEC.1. Amended by Acts 1977(ss), P.L.6, SEC.9; P.L.157-1992, SEC.1; P.L.6-1999, SEC.1; P.L.143-2009, SEC.2; P.L.79-2017, SEC.38.
Structure Indiana Code
Chapter 8. Inheritance Tax Lien and Limitations on the Transfer of Decedent's Property
6-4.1-8-1. Attachment and Termination of Lien; Persons Liable for Inheritance Tax
6-4.1-8-2. Transfers Prohibited Until Tax Paid; Limited Transfers
6-4.1-8-3. Sale of Property to Pay Decedent's Debts
6-4.1-8-4. Personal Property; Consent to Transfer
6-4.1-8-4.6. Checking Account; Notice of Transfer of Funds to Person Other Than Surviving Spouse
6-4.1-8-7. Violations of Ic 6-4.1-8-4 or Ic 6-4.1-8-5; Penalties