A Few Facts About The...

INTERSTATE ARBITRATION OF DEATH TAXES (1943) INTERSTATE COMPROMISE OF DEATH TAXES (1943)

PURPOSE:
These acts provide alternative procedures for resolving disputes between states over which should be entitled to collect taxes upon the estate of a decedent. The decedent's represen-tative may also have an interest in the resolution of the dispute where one state has a higher tax rate or the represen-tative prefers to enrich the tax coffers of State A rather than State B. The acts therefore make the representa-tive of the decedent a party to the compromise agreement or to the binding arbitration authorized by the respective acts.

STATE ADOPTIONS OF THE INTERSTATE ARBITRATION OF DEATH TAXES ACT: