No interest in income and no estate for years or for life or other temporary interest in any property or fund is subject to apportionment as between the temporary interest and the remainder. The tax on the temporary interest and the tax, if any, on the remainder is chargeable against the corpus of the property or funds subject to the temporary interest and remainder.
Miss. Code Ann. § 27-10-15
No apportionment between temporary and remainder interests
Known as the Uniform Estate Tax Apportionment Act
The act spans §§ 27–27 (13 sections).
Laws, 1994, ch. 348, § 6, eff from and after January 1, 1995.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.