Sec. 6. (a) The department of state revenue may accept a probate court's determination of
the inheritance tax due as a result of a decedent's death as a provisional estimate
of the inheritance tax imposed.
(b) If the final determination of federal estate tax shows a change in the fair market
value of the assets of a decedent's estate or a change in deductions, the department
of state revenue may petition or cause other persons to petition the probate court
which has jurisdiction for a redetermination of the inheritance tax imposed as a result
of the decedent's death. The petition must be filed within sixty (60) days after a copy of the final determination
of federal estate tax is filed with the department as required by IC 6-4.1-4-8. An inheritance tax redetermination which is made under this section is limited to
modifications based on either a change in the fair market value of the assets of the
decedent's estate or a change in deductions.
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