Sec. 32.
(1) A tax is imposed upon the transfer of the estate of every person who at the time of death was a resident of this state. The tax is equal to the maximum allowable federal credit under the internal revenue code for estate, inheritance, legacy, and succession taxes paid to the states. This tax shall be reduced by the amount of all estate, inheritance, legacy, and succession taxes paid to states other than Michigan, which amount shall not exceed an amount equal to the proportional share of that maximum allowable federal credit that the gross value of all real and tangible personal property located in states other than this state bears to the gross value of all property included in the decedent's gross estate wherever located.
(2) A tax is imposed upon the transfer of property located in this state of every person who at the time of death was not a resident of this state. The tax is an amount equal to the proportional share of the maximum allowable federal credit under the internal revenue code for estate, inheritance, legacy, and succession taxes paid to the states, that the gross value of all real and tangible personal property located in this state bears to the gross value of all property included in the decedent's gross estate wherever located.
History: Add. 1993, Act 54, Imd. Eff. June 3, 1993 Popular Name: Inheritance Tax
Structure Michigan Compiled Laws
Act 188 of 1899 - Michigan Estate Tax Act (205.201 - 205.256)
188-1899-DEFINITIONS. - Definitions. (205.221...205.256)
Section 205.221 - Definitions.
Section 205.223 - Applicability of Sections.
Section 205.231 - Short Title.
Section 205.232 - Tax on Transfer of Estate of Residents and Nonresidents.
Section 205.233 - Tax on Generation-Skipping Transfer for Residents and Nonresidents.
Section 205.234 - Notification as Personal Representative; Waiver of Notice.
Section 205.235 - Filing Return; Waiver; Extension of Time for Filing.
Section 205.236 - Transfer Taxes; Payment; Extension; Interest and Penalties.
Section 205.239 - Assessment of Additional Tax Interest or Penalty.
Section 205.240 - Calculation of Penalties and Interest; Accrual of Interest on Refunds.
Section 205.242 - Apportionment of Tax.
Section 205.245 - Personal Representative; Rights and Powers.
Section 205.247 - Final Account.
Section 205.248 - Probate Court; Notice of Certain Information to Department.
Section 205.249 - Corporation as Personal Representative; Powers and Duties.
Section 205.250 - Certificate of Nonliability.
Section 205.251 - Discharge of Liability.
Section 205.252 - Disposition of Taxes and Fees.
Section 205.253 - Tax on Personal Property.