The sun., 1919-02-07

the net estate exceeds $4,000 900 and
does not exceed s4,0O0,000
Is per centum of the amount by which
the net estate exceed 100000 and does
not exceed s5,0OO,000
20 per centum of the amount by which
the net estate exceeds $4,000, 900 and does
not exceed sS,00O.0O0;
22 per centum of the amount by which
the net estate exceeds $S,000.000 and
does not exceed 100000 900 and
25 per centum of the amount by which
the net estate exceeds $10,00O.000.
The taxes imposed by this title or by
| Title II. OF the revenue act OF 1915 Gas
| amended by the act entitled AN act to
provide increased revenue to defray the
, expenses OF the increased appropriations
| for the army and navy and the extern
sions OF fortiflcations, and for other
| purposes" approved March 2, 1910 or
by Title IN. of the revenue act of 1917.
shall not apply to the transfer of the net
estate Of any decedent who has died or
| may die while serving in the military or
| naval forces of the United States In the
present war or from injuries received or
disease contracted while in such service
and any such tax collected upon such
transfer shall be refunded to the ex-
| ecutor.
| estate of the decedent shall be de-
termned by including the value at the
time OF his death of all property. real OF
personal, tangible or intangible. wher-
| ever situated
(a) To the extent OF the interest
| therein of the decedent at the time of
his death which after his death is sub
| ject to the payment of the charges
against his estate and the expenses of its
.l..l
| ton as part OF his estate;
| (b) To the extent Of any interest
therein Of the surviving spouse. existing
at the time of the decedent's death as
dover, courtesy, or by virtue OF statute
| creating an estate in lieu of dover OF
courtesy;
tc) To the extent of any interest
therein of which the decedent has a any
time made a transfer, or with respect
| TO which he has at any time created n
| trust in contemplation of or intended
to take effect in possession or enjoyment
at or after his death whether such
| transfer or trust is made or created be-
| fore or after the passage of this act), ex-
cept in case of a bona fide sale for fair
consideration in money or moneys worth.
Any transfer Of a material part of his
| property in the nature OF a final DISPOSE
ton or distribution thereof. made by the
!
| death without such consideration. shall.
unless shown to the contrary, be deemed
to have been made in contemplation of
death within the meaning OF this title:
| CD To the extent of the interest there
! IN held Jointly or as tenants in the en-
| tirety by the decedent and any other
| person, or deposited in banks or other
| institutions In their joint names and pay
| able to either or the survivor. except
|
| have originally belonged TO such other
person and never TO have belonged to
| the decedent:
(E) To the extent Of any property
passing under a general power of ap-
pointment exercised by the decedent %
| by will. or go by deed executed in CON
temptation Of, or intended to take effect
In possession or enjoyment at or after,
| his death, except in case OF a bona fide
| sale for a fair consideration in money
| or moneys worth and
(F) To the extent OF the amount re-
| ceivable by the executor as insurance
| under policies taken out by the decedent
| upon his own life and TO the extent OF
! the excess over $4,000 of the amount
receivable by all other beneficiaries as
Insurance under policies taken out by
the decedent upon his own life.
Sec. 400. That for the purpose of the
determined
ca In the case OF a resident. by de-
! Quoting from the value OF the gross
| estate
% Such amounts for funeral eN-
pehses. administration expenses. claims
| against the estate unpaid mortgages
losses incurred during the settlement of
me estate arising from fres. storms,
: shipWrecE or other casualty. or from
4 Hhnya
penSated for by insurance or otherwise,
| and such amounts reasonably required
ana actually expended for the support
| during the settlement OF the estate o,
those dependent upon the decedent as
! are allowed by the laws OF the Jurisdic-
tion. whether within or without the
United states. under which the estate Is
being administered, but not including
any income taxes upon income received
after the death OF the decedent. or any
estate. succession, legacy or inheritance
taxes:
w An amount equal 20 the value AT
! the time of the decedent's death OF any
property, real. personal or mixed, which
can be identified as having been received
by the decedent as n share in the estate
OF an! person who died within five years
prior TO the death OF the decedent, or
which can be identified as having been
property so received. IL an estate tax
under the revenue act of 1917 or under
this act was collected from such estate,
and II such property is included in the
oecedent's gross estate:
I'D The amount OF all beuues,s Legal
cies uevises or gifts to or for the uae
or the United states. any State. Terri
tory. any political subdivision thereof.
or the District of Columbia for cXclu-
sively public purposes o. to or for Tho
use of any corporation organized and
operated exclusively for religious, chart
table, scientific. literary or educational
purposes. including the encouragement
of art and the prevention of cruelty TO
children or animals no part OF the MT
earnings OF which inures to the benei.
OF any private stakeholder or individual
or to trustee or trustees exclusively
for such religious charitable, scientific
literary or educational purposes. This
deduction shall be made in case of the
estates OF all decedents who have died
since December 81, 1917; and
a. An EXEMPTION OF $4,000.
(b) In tho case of "A nonresident by
deducting from the value of that ia RI
Of his gross estate which at the time of
his death Is situated In the United
States
tl) That proportion OF the deductions
specified IN paragraph % OF suhdiv!- ,
sion ca OF this section which the Va Iue |
OF such part bears to the value of his
entire gross estate. wherever situated. ,
but in no case shall the amount 30 de. |
Quoted exceed 10 per centum of the