Guaranty Trust Co. v. Bates

On or about November 18, 1946, petitioners paid to the State Tax Commission the sum of $9,000 on account of the estimated estate tax on the decedent’s estate in accordance with section 249-z of the Tax Law, which permits a discount for payment within six months of the death of decedent.

Subsequently and on September 8, 1947, a pro forma order was made and filed in the office of the Surrogate’s Court of New York County, fixing the tax in the amount of $8,792.29. Crediting petitioners with a 5% discount for prepayment, left the net amount due to the State, $8,352.68, so that there has been an…