Code of Alabama - Title 40: Revenue and Taxation - Chapter 15B - Alabama Uniform Estate Tax Apportionment Act

• Section 40-15B-1 Short title
  This chapter may be cited as the Alabama Uniform Estate Tax Apportionment Act.
• Section 40-15B-2 Definitions
  In this chapter: (1) "Apportionable estate" means the value of the gross estate as finally determined for purposes of the estate tax to be apportioned...
• Section 40-15B-3 Apportionment by will or other dispositive instrument
  (a) Except as otherwise provided in subsection (c), the following rules apply: (1) To the extent that a provision of a decedent's will expressly and...
• Section 40-15B-4 Statutory apportionment of estate taxes
  To the extent that apportionment of an estate tax is not controlled by an instrument described in Section 40-15B-3 and except as otherwise provided in...
• Section 40-15B-5 Credits and deferrals
  Except as otherwise provided in Sections 40-15B-6 and 40-15B-7, the following rules apply to credits and deferrals of estate taxes: (1) A credit resulting from...
• Section 40-15B-6 Insulated property: advancement of tax
  (a) In this section: (1) "Advanced fraction" means a fraction that has as its numerator the amount of the advanced tax and as its denominator...
• Section 40-15B-7 Apportionment and recapture of special elective benefits
  (a) In this section: (1) "Special elective benefit" means a reduction in an estate tax obtained by an election for: (A) a reduced valuation of...
• Section 40-15B-8 Securing payment of estate tax from property in possession of fiduciary
  (a) A fiduciary may defer a distribution of property until the fiduciary is satisfied that adequate provision for payment of the estate tax has been...
• Section 40-15B-9 Collection of estate tax by fiduciary
  (a) A fiduciary responsible for payment of an estate tax may collect from any person the tax apportioned to and the tax required to be...
• Section 40-15B-10 Right of reimbursement
  (a) A person required under Section 40-15B-9 to pay an estate tax greater than the amount due from the person under Section 40-15B-3 or 40-15B-4...
• Section 40-15B-11 Action to determine or enforce act
  A fiduciary, transferee, or beneficiary of the gross estate may maintain an action for declaratory judgment to have a court determine and enforce this chapter....
• Section 40-15B-12 Uniformity of application and construction
  In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject...
• Section 40-15B-13 Applicability of chapter
  (a) Sections 40-15B-1 to 40-15B-12, inclusive, of this chapter do not apply with respect to a decedent who dies before January 1, 2008, nor with...

Last modified: May 3, 2021