HARRY HUGHES, Governor                                     3351

11-106.

(D) (1) (I) IN THIS SUBSECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(II)(I) "MARITAL DEDUCTION FORMULA CLAUSE"
MEANS ANY PROVISION OF A WILL OR OTHER CONTROLLING INSTRUMENT
THAT MAKES A BEQUEST OR TRANSFER, THE SIZE OR AMOUNT OF WHICH IS
DETERMINED IN WHOLE OR IN PART WITH REFERENCE TO THE AMOUNT
ALLOWABLE TO A DECEDENT'S ESTATE AS A MARITAL DEDUCTION UNDER THE
TAX LAW OF THE UNITED STATES.

(III)(II) "QUALIFIED TERMINABLE INTEREST
PROPERTY" MEANS PROPERTY DESCRIBED IN § 2056(B)(7) OF THE
INTERNAL REVENUE CODE OF 1954 OF THE UNITED STATES.

(2) IF A WILL OR OTHER CONTROLLING INSTRUMENT
EXECUTED ON OR BEFORE SEPTEMBER 12, 1981 CONTAINS A MARITAL
DEDUCTION FORMULA CLAUSE, AN ELECTION BY THE PERSONAL
REPRESENTATIVE OR OTHER AUTHORIZED PERSON TO TREAT PROPERTY NOT
TRANSFERRED PURSUANT TO THE CLAUSE AS QUALIFIED TERMINABLE
INTEREST PROPERTY FOR PURPOSES OF THE ESTATE TAX MARITAL
DEDUCTION UNDER THE TAX LAW OF THE UNITED STATES SHALL NEITHER
INCREASE NOR DECREASE THE AMOUNT OR FRACTION OF THE ESTATE,
TRUST, OR OTHER FUND TRANSFERRED PURSUANT TO THE CLAUSE, UNLESS A
CODICIL TO THE WILL OR AMENDMENT TO ANOTHER CONTROLLING
INSTRUMENT EXECUTED AFTER SEPTEMBER 12, 1981 SHALL EXPRESSLY
OTHERWISE PROVIDE.

SECTION 2. AND BE IT FURTHER ENACTED, That the provisions
of this Act shall apply only to the estates of decedents dying on
or after July 1, 1984.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 29, 1984.

CHAPTER 718

(House Bill 1667)

AN ACT concerning

Unemployment Insurance - Contribution Rate - New Employers

FOR the purpose of providing that new employers and successor
employers be charged certain contribution rates for
unemployment insurance for a certain period of time under
certain circumstances; clarifying current law regarding the
contribution rates for new employers and successor