Title 44, Title 44 Title 44

The tax imposed by this chapter is due upon a taxable distribution or a taxable termination as determined under applicable provisions of the federal generation skipping transfer tax.

The tax becomes delinquent from and after the last day allowed for filing a return for the generation skipping transfer. If the tax is not paid before it becomes delinquent, it bears interest after this and until it is paid at the rate of twelve percent (12%) per annum. Every pay…

The tax shall be paid to the administrator by remittance payable to the state treasurer.

The administrator shall be responsible for the collection of the tax imposed by this chapter and may exercise all the powers granted to him or her in chapter 23 of this title for the collection of taxes.

Except where the context otherwise requires, the words and phrases defined in this section are used in this chapter in the sense given them in the following definitions: (1) “Administrator” means the director of the division of taxation. (2) “Deemed transferor” has the same meani…

(a) A tax is imposed upon every generation-skipping transfer in an amount equal to the amount allowable as a credit for state legacy taxes under 26 U.S.C. § 2604. (b) If any of the property transferred is real property in another state or personal property having taxable situs in…

Every person required to file a return reporting a generation skipping transfer under applicable federal statute and regulations shall file a return with the administrator on or before the last day prescribed for filing the federal return. There shall be attached to the return fi…

The return shall contain such information and be in such form as the administrator may prescribe and shall state the amount of tax due under the provisions of this chapter. The return shall contain, or be verified by, a written declaration that it is made under penalties of perju…

If, after the filing of a duplicate return, the federal authorities shall increase or decrease the amount of the federal generation-skipping transfer tax, an amended return shall be filed with the administrator showing all changes made in the original return and the amount of inc…

In a case not involving a false or fraudulent return or failure to file a return, if the administrator determines at any time after the tax is due, but not later than four (4) years after the return is filed, that the tax disclosed in any return required to be filed by this chapt…

In the case of a false or fraudulent return or failure to file a return, the administrator may determine the tax at any time.

In any case in which a deficiency has been determined in an erroneous amount, the administrator may, within three (3) years after the erroneous determination was made, set aside the determination or issue an amended determination in the correct amount.