Mississippi Code
Chapter 9 - Estate Tax
§ 27-9-10. Deduction of value of qualified terminable interest property from gross estate in determining net estate; limitation to resident

Subparagraph (ii) 2. shall not apply to a power exercisable only at or after the death of the surviving spouse.
1. The interest of such surviving spouse shall be treated as a qualifying income interest for life; and
2. The executor shall be treated as having made an election under this subsection with respect to such annuity unless the executor otherwise elects on the return of tax imposed by Section 27-9-5. Such an otherwise election, once made, shall be irrevocable. Such an otherwise election may be made or not made regardless whether an election was not made or made with respect to such annuity under Section 2056(b)(7)(C)(ii) of the Internal Revenue Code of 1986, as now or hereafter amended.

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