Oklahoma Tax Commission v. Harris

LAVENDER, Justice.

This appeal by the Oklahoma Tax Commission (Commission) involves whether the proceeds of four policies of insurance upon the life of Ray Milton Balyeat are to be included in the value of his gross estate for the purpose of determining and computing the total amount of the Oklahoma estate tax due with respect to his estate. Commission contends the proceeds are taxable because of the provisions of paragraph (2) or (3) of sub-section (A) of 68 O.S.1961, § 989e. Additional estate tax in the amount of $12,079.09 because of the four insurance policies involved herein was assessed…