Arkansas Code Title 28, Subtitle 4, Chapter 54 - Uniform Estate Tax Apportionment Act

• § 28-54-101 - Short Title.
  This chapter may be cited as the Uniform Estate Tax Apportionment Act.
• § 28-54-102 - 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...
• § 28-54-103 - 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...
• § 28-54-104 - Statutory Apportionment of Estate Taxes.
  To the extent that apportionment of an estate tax is not controlled by an instrument described in § 28-54-103 and except as otherwise provided...
• § 28-54-105 - Credits and Deferrals.
  Except as otherwise provided in §§ 28-54-106 and 28-54-107, the following rules apply to credits and deferrals of estate taxes: (1) A credit resulting...
• § 28-54-106 - 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...
• § 28-54-107 - 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...
• § 28-54-108 - 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...
• § 28-54-109 - 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...
• § 28-54-110 - Right of Reimbursement.
  (a) A person required under § 28-54-109 to pay an estate tax greater than the amount due from the person under § 28-54-103 or...
• § 28-54-111 - Action to Determine or Enforce Chapter.
  A fiduciary, transferee, or beneficiary of the gross estate may maintain an action for declaratory judgment to have a court determine and enforce this
• § 28-54-112 - 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...
• § 28-54-113 - Severability.
  If any provision of this chapter or the application thereof to any person or circumstance is held invalid, the invalidity does not affect other...
• § 28-54-114 - Delayed Application.
  (a) Sections 28-54-103 -- 28-54-107 do not apply to the estate of a decedent who dies more than three years after January 1, 2008,...
• § 28-54-115 - Effective Date.
  This chapter takes effect on January 1, 2008.

Last modified: November 15, 2016