North Dakota Code 57-37.1-09 – Beneficiaries to share burden of tax
Current as of: 2023 | Check for updates
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The beneficiaries are personally liable for their respective share of the tax imposed by this chapter, as well as the personal representative, and if the personal representative pays the tax, the personal representative may recover the tax from the beneficiaries in accordance with the provisions of section 30.1-20-16. No general statute of limitation may be considered as a bar to the collection of the respective share of the estate tax from each beneficiary. For the purposes of this chapter, the term “beneficiary” means any person receiving an interest in property of a decedent which is subject to inclusion in the decedent’s federal gross estate and which had a situs in North Dakota at the time of the decedent’s death.
Terms Used In North Dakota Code 57-37.1-09
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Decedent: A deceased person.
- Gross estate: The total fair market value of all property and property interests, real and personal, tangible and intangible, of which a decedent had beneficial ownership at the time of death before subtractions for deductions, debts, administrative expenses, and casualty losses suffered during estate administration.
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- Statute: A law passed by a legislature.