Table of Contents TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS CHAPTER 16. INHERITANCE AND ESTATE TAXES Part 4. Determination and Payment of Tax

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72-16-401 — Application for determina... 72-16-402 — Department to determine t... 72-16-403 — Appeal of department's de... 72-16-411 — Special appraiser -- appo... 72-16-412 — Powers and duties of appr... 72-16-413 — Compensation and expenses... 72-16-414 — Appraisal to be at clear... 72-16-415 — Hearing by court 72-16-416 — Notice of hearing -- appl... 72-16-417 — Future, contingent, or li... 72-16-418 — Contingent encumbrances -... 72-16-419 — Tax payable forthwith on... 72-16-420 — Estate for life or years... 72-16-421 — Appraisal of contingent o... 72-16-422 — Court order determining t... 72-16-423 — Court order to be deliver... 72-16-424 — Rehearing of court determ... 72-16-425 — Reappraisal within one ye... 72-16-431 — Tax -- when due and payab... 72-16-432 — Tax lien -- continuing pe... 72-16-433 — Department consent to tra... 72-16-434 — Method of payment and rec... 72-16-435 — Receipts -- form and cont... 72-16-436 — Powers and duties of repr... 72-16-437 — Personal representative n... 72-16-438 — Permission for deferred p... 72-16-439 — Advance payment -- relief... 72-16-440 — Discount for prompt payme... 72-16-441 — Interest on overdue payme... 72-16-442 — Refund of tax when debt a... 72-16-443 — Collection of unpaid taxe... 72-16-445 — In-kind payment -- intent 72-16-446 — In-kind payment -- defini... 72-16-447 — Application for in-kind p... 72-16-448 — Receipt of application fo... 72-16-449 — Valuation of in-kind paym... 72-16-450 — Receipts of in-kind payme... 72-16-451 — Definitions for deferred... 72-16-452 — Deferred payment for tran... 72-16-453 — Closely held business def... 72-16-454 — Farmhouses and other stru... 72-16-455 — Partnership interests and... 72-16-456 — Interests in more than on... 72-16-457 — Election 72-16-458 — Proration of any addition... 72-16-459 — Election of deferral as t... 72-16-460 — Security 72-16-461 — Interest required when pa... 72-16-462 — Interest -- when payable 72-16-463 — Failure to pay installmen... 72-16-464 — Acceleration of payment -... 72-16-465 — Effect of payment deferra... 72-16-471 — Definitions for lien on d... 72-16-472 — Lien for tax deferred 72-16-473 — Application of definition... 72-16-474 — Agreement consenting to l... 72-16-475 — Maximum value of required... 72-16-476 — Partial substitution of b... 72-16-477 — Filing of lien 72-16-478 — Period of lien 72-16-479 — Priorities 72-16-480 — Lien in lieu of other tax... 72-16-481 — Lien in lieu of bond 72-16-482 — Additional lien property 72-16-491 — Lien for additional tax a... 72-16-492 — Substitution of security... 72-16-493 — Subordination of liens

Mont. Code Ann. § 72-16-463

(1997)

Failure to pay installment -- acceleration of payment

(1) Except as provided in subsection (2), if any installment of principal or interest under 72-16-451 through 72-16-465 is not paid on or before the date fixed for its payment, including any extension of time for the payment of the installment, the unpaid portion of the tax payable in installments must be paid on notice and demand from the department.

(2) If any installment of principal or interest under 72-16-451 through 72-16-465 is not paid on or before the date determined under subsection (1) but is paid within 6 months of the date, the provisions of subsection (1) do not apply with respect to such payment, the provisions of 72-16-461 may not apply with respect to the determination of interest on such payment, and there is imposed a penalty in an amount equal to the product of 5% of the amount of such payment multiplied by the number of months or fractions thereof after such date and before payment is made.

Official Annotations archive.org, 1997 edition

History:

EnactedEn. SectionSec. 23, ChapterCh. 705, Laws ofL. 1979

AmendedAmd. SectionSec. 14, ChapterCh. 511, Laws ofL. 1983

Source text on leg.mt.gov