Page:United States Statutes at Large Volume 44 Part 1.djvu/854

 § 11% »r1:·1:.a sq.--rar. directly, sad apaa the traaafer_by a aoaredaeat_by`gltt daring ma mle&r pu- ta my ~¢y umm wants me mae: Sutm w®th·erma®dl1&¤rlaadl1#ectly; — — · *1  ccatum at the   of me taxawe gifts aot in exam ei $00,000; _,. _ 0 . ,2 pa mama at the amoaat by whl@‘ the taxable gifts exceed $w,@ nad tlc mt excéw $1®,0m; _ _ 3 p¤‘ catam of the amaat by which tm taxable glfta excmd $100,000 and da net exceed $150,000; A 4 per ceatam of the ammaat by which the taxable gifts exceed. $150,000 and da abt exmd @50,000: ` 6 pa eeatam at the amaat by which the taxable gifts exceed®0,000 audde nctexceed #$,000; I A — Q 0 éper ceatum at the amcuat by which the taxable glftsjexceed   and da nat ex@d $750,000 ;» _ 12  ceatam oi the aaaoaat by which the taxable glfts exceed $750,w) and de net exceed $1,000,,000; . 15 per centambef the amount by which the taxable gifts ex— ceed $1,0®,000 and do act exceed $1,500,000; V 18,per eeatam of the   byiwhich the taxable gifts ex-  $1,500,000 aad do not exceed Q,®0,000; . " 21 pcreehtam of the amount by which the taxable gifts ex-  $,000,000 and do aol exceed $3,000,000; ‘ _ · 24 pa- ceatam of-the aaaoaat by which the taxable gifts exceed $,0®,000 and clo not exceed $4,000,000;, _ ‘ Q 27 per ceatum of the anduat by which the ‘taxable_gifts,ex- $4,  ¢  ,000aad do abt exceed &,000,000; _·   ‘ ._ f w per "eeatam af the amoaut by whim the taxable gifts exceed $5,000,000 and de act exceed $,000,000; - 35 per   of the amount by ééhlch the taxable gifts exceed $8,@,w0_ and do aot exeed $10,000,000; 40, per   of {hé`&m0l1!.lt by   the taxable gifts ·exceed ,$10,0w,000. (June 2, 1024, . 4.01 p. m., c. 234, I 310, 43 ·1132,`S•nc:.v•he of gift; areaerty sold er exchanged.-——If the gift is mdela prwerty, the fair aarket valm thereof at of the gift     the amount of the gift. Where property B held ar excha@ for   than a fair conslderatibala H w e  or :aoaey’i= 1icrth,‘mea_the amount by whl& the fair market value of tht!     me %0eratloa récelyed $all;·f-er are   of the   lm@d by semen 1131*d- this title, bebdwaaed a éft, am   be  in enmpatiag · the amoaat at gifts   qurlag the calendar year. (Jane 2, 1024, 4.01 p.°_m.,* c. 54, Q. 320, 43 Stat. 314.) " .` — . ·‘ 1133.     d& ·———·1a computing  at the   mam m the ui imposed by seams 1131 or aaa -tlthet&rema1lbeallowed‘.astledacdom: — " ` _ ia)   ~ a  +·~——·Ia tmwseoi a-rmdeat-— (1) Aa exmptiaa at $50,999*5. », . _(2) Elm abelmt of all  cr contributions made within tm G§l §1’ yd! to or fer  asc of the United States, aay State, Territory, any pellueal mbdlvléoa t&reef,' or the Diatrlet of Columbia, for exgluirayl pablle par, or to- or for tm aw oi any corporation-orga¤laed.a1§dm c;Serat&.exclt1slve1y ‘ for relineus, charitable.- scieutmc, literary, or xamtloaal pur- incladlng the eocoaragemeat of art and the gpreveatloa ` ot crwlty ta chllarea or aalmals,,;·ao° mrt of the net earning of which laura to the bemét of any private aockbelkr or _ individual,. cr to a truatw cr trustees, ar- tratemal society, antler, or asweiatloa, eperatiag antler the lodge, aystem,. bat ' amy lf· auch glfta br coatribatlaas are tb be  by such trastee er trasteq or by' saab fraternal mclgy, order, or awiatlea, exclusively gfor religious, charitable, seleatlac, llt· _, erary, or edacatieaal purposes, or for the areaeatloa of cruelty to children ar aiaimala, am the araoaat at all  or eo¤trlbu= tioaa madef within the jcaleadar ymr by `suelz eerporatlaa, trustee, or fraterrial. mclety, order, or, amaaaas for a religious, charitable, acicatiac, literary, or 0 edacatloml pdrpose, er

snyar; ssrszrvs $40 I smooot of all gifts or cootriwtioos    the calcmor yoar to the metal foods for vomtlooal rahabllltstloo author. ‘ (3) Glftsthe awww omosot of wMch to soy mac prom . docs not cxceod $699; ‘ _ _ ’ 1 (4) Aa ummm cqosl to the roloc of soy propcrty tram. . torrod by git withih the calondor ycor, which  bc msm1&q (A) as- hhving bow` rocclvcd by the whor whhtn Svc ychrs J prior to the time of his making mh mt, olther frm another peréon by gift or from s `dcc&t by mt, bmtlét, Mviu, or property · so recclvcd. This GGGEQUQB shall be allowed oaly . whcrc o gift tax or on mthtc tax undef this chaotq; or •h?`pri·t;,-» Act0f·Oo¤grusw¤spaid byoroobchaEfoft.hc¢lmm·ortl»o . estate of such decedent, as the case may beyond ml! lu tho amount of the valoc placcdlby we    of Internal . Rcroxmc on such property to tlctcrmloiug the valoe of  gift or the gross csmtc of such dcccdwt, am onty to the oxtcm that ( the value of such miopcrty is ihcludod in the total amomxt ot gifts mods within the cailcwar year-and not  oodcr, paragraph (E) or (3) of thissobdivléoh. _ (b) N@rc&mta.·e-—Ih the   of, s` oom*mt®ot·—- . ({1) The amount of all yfts orcorptrlbofiotm il"  »~  within; the ,, chimdor year to. or for the om of tM United   any $totc,  Territory, any polltlml Shhdiv&% thereof, or the   ot ·Qolombla,°`.for‘cxclu§ycly mbl1c.pm·p& or toot for me . use of ooydomostlc      @@6 sx~ clusivoly for ¥‘€li8io¤S. charitable, sdenéx, literary, or  . tional wrposcs, IRGEQUDS the   of art   mc pmvontloh of cruelty to childrco or a    no part of tmc not earnings of which plmxroa to the   of ·¤¤!~h¢ir•tc  mcxooauer or individual, "or' to s ·t@rc or uwcea, or frag tomal society; order, of ¤¤86¢i¤U¤¤. otmég u&·r the ,lo% _ ' Bi¤¢®{¤¤€ only if ouch   or   com may  society, order, or awociadoo, oxciwlvcly fél‘*`t$t U charltablcn ocicrntlhc, literary, or    or for (the Pwicodoo of ¤’&¥€!·to  or‘•¤®h. and m mlm: ono gm;       wm: ycor by mchcorporadu, mmm, or     nasty,  or aasoclatloa gfor a   aarltablc, _   literary, ‘°or educational  or for or   of   to,  éilmcn    t· otillgim or mwatlm   withh the caltc@,r.yaar to the    ‘ vocational   aumr@ by soctlwdm ot Tltle %: ‘ - (2) *Gii'ts‘ tho agrogto amwot of which to guy me paw doosootcxcocd   ‘ - _ ’ . _ _  (3) Anzamooht eooalto the raloc of any   situated to the United Ststos tramorrod bl $0 withth the caEei&r yar, which can be fdwtihod _(A)_ ,a,o_harlpg hom g_re¤·tveo —· by the donor within are yam prlor to the tim of his making ‘ such glft, cltbcr from mqhor   by gift or frm at st.   tot by gift,   devise, or loharitaoco, or (B) aa havin bccn, acqulrm in exchange for property so received. This  shall·bc`allowod ohly whore`} gift dx or hrcxate tax oodcr this cbagtor praoy prior Act of   was paid by or on bc- _ · halt of tho·dooor·or tho mgtotoof smh dcccdwt, oa.the‘cosc may `bc, and ohlyih the amotmt of tho vsluo plsccd by the Gosowlw slooor og Iotcrhal Revcuoc    proporty ln dotcmi_otog— the yaluc of the gift or`.tho pox matoiof mob decedent, aod ` only to the extent that the raloo of smh property is included. » within tho totnnmooht of- gifts madc withlh the calendar " ycor of property situated lo tho United States and not dcdoctcd tmdcr porogroph (1), or (2) of this subdivision,. (Juoc 2, 1924, —4.0rp..m., c. 54, §`321;`•i3 Stat.·314L) _ . ·‘ 1134; Credits.-glu cose s to: has bm lmptocd under section 1131 of thisltltle opoo any gift, audcthereoftcr oooh the death of the donor the amount thorwf is required by any provision t
 * · for thoX_p-rcvc~¤ti® of crmlty to  or Adnan, ood the
 * .laedbymctl»mr·!40o4’I'it1c&:"" ` `
 * ihhcrltoocc, or'(B) os having been omoirod in cxcham for
 * within the United Stotw by ouch troatcc or  or by not