Uniform Act on Interstate Arbitration of Death Taxes Law and Legal Definition
Uniform Act on Interstate Arbitration of Death Taxes is a uniform act drafted by the National Conference of Commissioners on Uniform State Laws in 1943. This act provides for a written agreement to submit a controversy to an arbitration board, in cases where there arises claims from more than one state that the decedent was domiciled in that state at the time of death. The act provides alternative procedures for resolving disputes between states as to who should be entitled to collect taxes upon the estate of a decedent. The decedent's representative may also have an interest in the resolution of the dispute where one state has a higher tax rate or the representative prefers to enrich the tax coffers of State A rather than State B. The acts therefore make the representative of the decedent a party to the compromise agreement or to the binding arbitration authorized by the respective acts.
Many states like California, Colorado, Connecticut, Delaware, Maine and Wisconsin have adopted the act.
Legal Definition list
- Uniform Act for the Extradition of Persons of Unsound Mind
- Uniform Abortion Act
- Unified Estate and Gift Tax Credit
- Unified Estate and Gift Tax
- Unified Command [UC]
- Uniform Act on Interstate Arbitration of Death Taxes
- Uniform Act on Interstate Compromise of Death Taxes
- Uniform Act on Intestacy, Wills, and Donative Transfers
- Uniform Acts Uniform Commercial Code
- Uniform Acts Uniform Custodial Trust Act
- Uniform Acts Uniform Gift to Minors Act