2006 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.
History: 1951 c 247 s 5; 1973 c 582 s 3