In re the Estate of Krantz

OPINION OF THE COURT

Bertram R. Gelfand, S.

This application by one of the coexecutors to reduce the rate of interest upon unpaid estate taxes from 10% per annum to 6% per annum from the date of decedent’s death is opposed by the State Tax Commission.

Decedent died on February 12, 1974. Letters testamentary were issued on April 2, 1974. The first payment on account of *1017New York estate taxes was made on August 20, 1974 in the sum of $9,000 and the second payment in the sum of $8,479.74 was paid on an unspecified date in August, 1977. The petition to fix New York State estate taxes was filed with…