72-16-1006. Duty to claim maximum credit.
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/mt/title-72/chapter-16/part-10/72-16-1006·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-16-1006 . Duty to claim maximum credit. A person liable for payment of the tax imposed under 72-16-1002 shall claim the maximum federal credit allowable for the portion of the state generation-skipping transfer tax paid with respect to property included in a taxable generation-skipping transfer. A person claiming less than the maximum federal credit allowable is liable for the full amount of the tax imposed under 72-16-1002 .