[§236D-3]  Residents; tax imposed; creditfor tax paid other state.  (a)  A tax in an amount equal to the federalcredit is imposed on the transfer of the taxable estate of every resident.

(b)  If any property of a resident is subjectto a death tax imposed by another state for which a credit is allowed bysection 2011; and, if the tax imposed by the other state is not qualified by areciprocal provision allowing the property to be taxed in the state ofdecedent's domicile, the amount of the tax due under this section shall becredited with the lesser of:

(1)  The amount of the death tax paid the other stateand credited against the federal estate tax; or

(2)  An amount computed by multiplying the federalcredit by a fraction, the numerator of which is the value of the propertysubject to the death tax imposed by the other state, and the denominator ofwhich is the value of the decedent's gross estate. [L 1983, c 217, pt of §1]