1999 Minnesota Statutes

     291.03 Rates. 

    Subdivision 1.    Tax amount.  The tax imposed shall be 
 an amount equal to the proportion of the maximum credit 
 allowable under section 2011 of the Internal Revenue Code for 
 state death taxes as the Minnesota gross estate bears to the 
 value of the federal gross estate.  For a resident decedent, the 
 tax shall be the maximum credit allowable under section 2011 of 
 the Internal Revenue Code reduced by the amount of the death tax 
 paid the other state and credited against the federal estate tax 
 if this results in a larger amount of tax than the proportionate 
 amount of the credit.  The tax determined under this paragraph 
 shall not be greater than the maximum credit allowable under 
 section 2011 of the Internal Revenue Code.  

    Subd. 2.    Intent.  It is hereby declared to be the 
 intent and purpose of this section to obtain for Minnesota the 
 benefit of not less than the maximum credit allowed for state 
 death taxes under the federal estate tax law by imposing the tax 
 provided in this section and the same shall be liberally 
 construed to effect this purpose. 

    Subd. 3. Repealed, 1Sp1985 c 14 art 13 s 14 

    Subd. 4. Repealed, 1Sp1985 c 14 art 13 s 14 

    Subd. 5. Repealed, 1Sp1985 c 14 art 13 s 14 

    Subd. 6. Repealed, 1Sp1985 c 14 art 13 s 14 

    Subd. 7. Repealed, 1Sp1985 c 14 art 13 s 14 

    HIST: (2293) 1905 c 288 s 2; 1911 c 372 s 2; 1913 c 455 s 1,2; 
 1919 c 410 s 2a; 1927 c 205 s 1,2; 1939 c 338 s 2a; 1943 c 504 s 
 3; Ex1959 c 70 art 4 s 1; 1963 c 107 s 1; 1973 c 185 s 2; 1976 c 
 320 s 1; 1979 c 303 art 3 s 4; 1980 c 439 s 7; 1981 c 49 s 3; 
 3Sp1981 c 2 art 6 s 3; 1982 c 523 art 26 s 3; 1983 c 222 s 23; 
 1Sp1985 c 14 art 13 s 3