1999 Minnesota Statutes

     291.45 Acceptance of agreed sum in full payment.  

    Notwithstanding the commencement of a legal action for 
 determination of domicile within this state or the commencement 
 of an arbitration proceeding, as provided in section 291.44, the 
 commissioner of revenue of this state may in any case enter into 
 a written agreement with the other taxing officials involved and 
 with the executors to accept a certain sum in full payment of 
 any death tax, together with interest and penalties, that may be 
 due this state, provided this agreement fixes the amount to be 
 paid the other states involved in the dispute, at any time 
 before such proceeding is concluded.  Upon the filing of this 
 agreement with the authority which would have jurisdiction to 
 assess the death tax of this state, if the decedent died 
 domiciled in this state, an assessment shall be made as provided 
 in such agreement, and this assessment finally and conclusively 
 fixes the amount of death tax due this state.  If the aggregate 
 amount payable under such agreement or under an agreement made 
 in accordance with the provisions of section 291.43 to the 
 states involved is less than the minimum credit allowable to the 
 estate against the United States estate tax imposed with respect 
 thereto, the executor forthwith shall also pay to the 
 commissioner of revenue of this state the same percentage of the 
 difference between such aggregate amount of such credit as the 
 amount payable to such commissioner under such agreement bears 
 to such aggregate amount.  

    HIST: 1951 c 247 s 5; 1973 c 582 s 3