Page:United States Statutes at Large Volume 40 Part 1.djvu/1116

 1098 SIXTY—FIF TH CONGRESS. Sess. III. Ch. 18. 1919. Re§g§§Em§·*§,;Su,_ (f) To the extent of the amount receivable by the executor as ang volicig-b ei _ insiuance under policies taken out by the decedent upon his own life; ¤eS,x°°s° °° m` and to the extent of the excess over $40,000 of the amount receivable by all other benefziciariesas insurance under policies taken out by the decedent upon his own life. mix, value deter- S1:o.;11O3.bThat for the purpose of the tax the value of the net ° estates all e determinedgggggggis (a) In the case of a resident, by deducting from the value of the ‘ gross estate- ¤°*;“§§c’?‘é;dm*“;*”‘ (1) Such amounts for funeral expenses, administration expenses, ,, PGD-9%. . . claims agamst the estate, unpa1d_mortgages, losses incurred during the settlement of the estate arising from fires, storms, shipwreck, or oshpr casualty, or from thloft, W en séich losses are not compgpsate or y insurance or otherwise an suc amounts reasona y required and actually expended for tlie support during the settlement of the estate of those dependent upon the decedent, as are allowed Empmm by the laws of the yurisdiction, whether within or_without the United ‘ States, under which the estate is being administered, but not including any mcome taxes upon income received after the death of Emu tum mp- thezzglegqoent, or tony e:{.a;te,ts1ucce8s1sion,tle5;a.c);;, or milizillitagce _ amoun equ o ev uea eimeo e eceens my death of any property, real, rsonal, or mixed, which can be identip as aving sion (gocgive   e ec ent_as a sire (ilu t lo eistalte fidh'b `dpliihded sh`h oanypeisonwo e wit veyearspnortote eat ote ‘"‘""" 32* decedent,_or which can be identified as having been acquired by the decedent m exchange for property so received, if an estate tax under the Revenue Act o 1917 or under this Act was collected from such Bequm to public estate, and 1f such proaerty is included in the_decedent’s gross estate; ,,,,,,,,,_,b,,_,,,,_,,,,,,,,_ · (3) The amountof bequests,le'gac1es,dev1ses,org1fts, to orfor the use of the United States, an5(State,_ emtory, any political subdivision thereof, pr tlile Distript of lumbia, for exclusively dpublic purposps, or to or or the use 0 any co ration 0 anized an operated exc u- ively forinrcqligiomihchadtabllg, scienttilhiz, rlgteratgil or educational} urposes u mg e encouragemen 0 a an e reven ion o cruelty tb lchiadreié orfanimals, no part lolf tihe net earniiigs of which mures to the ene t o any rivate stoc 0 der or individua or to a Pd H H trustee or trustees exclusively for such religious, charitable, scientific, °'°°° °° °°‘ literariy, or educational purposes. This deduction shall be made IH casio tlga estates of all decedents who have died since December 31, 191 · an $50,000 exemption. ’ . 0 (4) An exemption of $50 000; g;iiiiiii°»ildii¤1tS'U¤ii¢·if1 (b) In the case of a nonresident, bi deducting from the value of “ °”‘ thaiilpqiit of gig gross estate which at the time of his death is situated P in the mte tates—-— istmcidimigicaéiiuiiii (1) That pro ortion of the_ deductions specified in paragraph (1) "°‘”°“‘ of sp1bd1;11sionfdsib)mof this section which tlge value of such plart bealil to the v ue 0 entire gross estate w erever situated ut in no case shall the amount so deducted exceed 10 lper centum df the value wm of mm mx of that part of  gross estate which at the time of his death IS paid pmpeny. situated in the United States· (2) An amount equal to the value at the time of the decedentfs death of any property, real, gersonali or mixed, which can be ideI1151· fied as having been received y the ecedent as a share in the estate g;c£;1é§gn}€€I§0I1 gh; diedbwrtihin jive yeahr: priori) to the deatgi lof Ellie ,_ rw c can eientiiiedas ving eenacquire y 6 AM P 3% decedentrm exchange for property so received, if an estate tax undef the Revenue Act 0 1917 or_ under this_Act was collected from such estate, and if such property is included in that part of the decedent’ gross estats which at the time of his death is situated in the United tates; an