Page:United States Statutes at Large Volume 39 Part 1.djvu/798

 SIXTY-FOURTH CONGRESS. Sess. I. Ch. 463. 1916. 777 Sec. 25. That income on which has been assessed the tax imposed ¤'°°“ *¤· by Section II of the Act entitled ‘ ‘ An Act to reduce tariff duties and to ,,I¤¤>¤·•¤¤<¤·*¤r¤¤¤ provide revenue for the _ Government, and for other urposes," ¢•>Yn°“Ppu°°m°h°'°' approved October third, nmeteen hundred and thirteen, sliiall not be » considered as income within the meaning of this title: Provided, That mm H, c I this section shall not conflict with that portion of section ten, of this vw- ° title, under which a taxpayer has fixed its own fiscal year. ji,°:'§_`:$‘,_ TITLE II.—ESTATE TAX. E’°¤*• *·¤· Sec. 200. That when used in this title- ,,,$,,§’,,’f"'“°“‘°° °* _'I£`he term "person" includes partnerships, corporations, and asso- ·*P¤s¤¤.~ cia ions; The term "United States" means only the States, the Territories “U¤”°d S¤**¤¤·" of Alaska and Hawaii, and the District of Columbia; The term "executor" means the executor or administrator of the “E‘°°"°°"‘” decedent, or, if there is no executor or administrator, any person who takes possession of any property of the decedent; and The term "collector" means the collector of internal revenue of "°°“°°‘°’·" the district in which was the domicile of the decedent at the time of his death, or, if there was no such domicile in the United States, then the collector of the district in which is situated the part of the gross estate of the decedent in the United States, or, if such art of the gross estate is situated in more than one district, then the collector of internal revenue at Baltimore, Maryland. Sec. 201. That a tax (hereinafter in this title referred to as the ,,,,,Q‘§‘,_,,, °’§,,'“’£,Q°{’_,‘,§ tax), equal to the following percentages of the value of the net ¤¤••¤·•*· estate, to be determined as provided m section two hundred and P°"·"‘°°°‘ three, is hereby imposed upon the transfer of the net estate of every decedent dying after the passage of this Act, whether a resident or nonresident of the United States: One per centum of the amount of such net estate not in excess of R°'“· $50,000; Two per centum of the amount by which such net estate exceeds $50,000 and does not exceed $150,000; Three per centum of the amount by which such net estate exceeds $150,000 and does not exceed $250,000; Four per centum of the amount by which such net estate exceeds $250,000 and does not exceed $450,000; _ Five per centum of the amount by which such net estate exceeds $450,000 and does not exceed $1,000,000; Six per centum of the amount by which such net estate exceeds $1,000,000 and does nor exceed $2,000,000; Seven per centum of the amount by which such net estate exceeds $2,000,000 and does not exceed $3,000,000; Eight per centum of the amount by which such net estate exceeds $3 000,000 and does not exceed $4,000,000; Eine per centum of the amount by which such net estate exceeds $4,000,000 and docs not exceed $5,000,000; and Ten per centum of the amount by which such net estate exceeds $5,000,000. _ Sec. 202. That the value of the gross estate of the decedent shall ‘°·‘“° °‘¤’°” °“°°°~ be determined by includilng the gplue at the tipie oi his death of aéll >ro ert real or rson, tangi e or intangi e, w erever situate 2 P”°P°"*Y i¤¢1¤<ia¢. I (3;)) Tgithe exterliti of the interest therein of the decedent at the time mi"f{.lYL°°t t° °[ mm of his death which after his death is subject to the payment of the cha es against his estate and the expenses of its administration and is siiiject to distribution as part of his estate. _ _ (b) To the extent of any interest therein of which the decedent has P,‘§,°"',;*;,f§,°é;,,‘{,‘_“*'°*’ at any time made a transfer, or with respect to which he has created