Uniform Act on Interstate Compromise of Death Taxes Law and Legal Definition

Uniform Act on Interstate Compromise 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 of compromise to be made as to death taxes owed by a decedent when there is more than one state claiming that a decedent was domiciled in its state at the time of death. A state may combine this act and the Uniform Act on Interstate Arbitration of Death Taxes which also is on the same aspect. Many states like Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee and Vermont has adopted the act.