Except where the context otherwise requires, the following definitions shall govern the construction of this chapter: (a) âEstate taxâ means a tax imposed by any federal or California estate tax law, now existing or hereafter enacted, and includes interest and penalties on any deficiency. (b) âPerson interested in the estateâ means any person, including a personal representative, entitled to receive, or who has received, from a decedent while alive or by reason of the death of the decedent any property or interest therein. (c) âPersonal representativeâ includes a guardian, conservator, trustee, or other person charged with the responsibility of paying the estate tax. (d) âPropertyâ means property included in the gross estate for federal estate tax purposes. (e) âValueâ means fair market value as determined for federal estate tax purposes.
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