CHAPTER 37

APPORTIONMENT OF DEATH TAXES

 

Sec.

3701.  Power of decedent.

3702.  Equitable apportionment of Federal estate tax.

3703.  Apportionment of Pennsylvania inheritance tax.

3704.  Apportionment of Pennsylvania estate tax.

3705.  Apportionment of Federal generation-skipping tax.

3706.  Enforcement of contribution or exoneration of Federal        estate tax.

 

Enactment.  Present Chapter 37 was added February 18, 1982, P.L.45, No.26, effective immediately.

Prior Provisions.  Former Chapter 37, which related to the same subject matter, was added June 30, 1972, P.L.508, No.164, and repealed February 18, 1982, P.L.45, No.26, effective immediately.

§ 3701.  Power of decedent.

A testator, settlor, donor or possessor of any appropriate power of appointment may direct how the Federal estate tax or the Federal generation-skipping transfer tax due because of his death, including interest and penalties, shall be apportioned or may grant a discretionary power to another so to direct, but:

(1)  any direction regarding apportionment of the Federal generation-skipping transfer tax must expressly refer to that tax; and

(2)  any direction waiving the right of recovery of Federal estate tax, provided for under section 2207A of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 2207A), on property includable in the gross estate by reason of section 2044 of the Internal Revenue Code of 1986, must expressly refer to that right.

Any such direction shall take precedence over the provisions of this chapter insofar as the direction provides for the payment of the tax or any part thereof from property the disposition of which can be controlled by the instrument containing the direction or delegating the power to another.

(Dec. 16, 1992, P.L.1163, No.152, eff. imd.; Dec. 1, 1994, P.L.655, No.102, eff. 60 days; May 16, 2002, P.L.330, No.50, eff. 60 days)

 

2002 Amendment.  See section 14(a) of Act 50 in the appendix to this title for special provisions relating to applicability.

Cross References.  Section 3701 is referred to in sections 3702, 3705 of this title.