Page:United States Statutes at Large Volume 50 Part 1.djvu/708

 75Ta CONG RESS , 1ST SESSION-CH. 690 -AU GUS T 1 7, 193 7 (b) Nothing in this title shall be construed to relieve any person from the payment of any license tax under section 7 of the District of Columbia Ap propriation A ct for the fi scal year endi ng June 30, 1903, approved July 1, 1902, as amended (D . C. Code, title 20, sees . 897, 881, 882). REPE ALS SEC. 6 . Sections 12 and 13 of the Act entitled "An Act to provide for a tax on motor-vehicle fuels, sold within the District of Columbia, and for other purposes", approved April 23, 1924, as amended (D . C . Code, title 20 . sees . 842, 843), are repealed. EFFECTIVE DATE SEC. 7. This title shall take effect on January 1 of the first calendar year following the enactment thereof, except that the Commissioners of the District of Columbia are authorized to provide for the regis- tration of motor vehicles under this title for such calendar year, beginning with the 1st day of November preceding such effective date. TITLE V-INHERITANCE AND ESTATE TAXES Taxes shall be imposed upon estates of decedents and upon the shares of beneficiaries of such estates as hereinafter provided ARTICLE I INHERITANCE TAX SE C. 1. (a) All real property and tangible and intangible personal property, or any interest therein, having its taxable situs in the District of Columbia, transferred from any person who may die seized or possessed thereof, either by will or by law, or by right of survivorship, and all such property, or interest therein, trans- ferred by deed, grant, bargain, gift, or sale (except in cases of a bona fide purchase for full consideration in money or money's worth), made or intended to take effect in possession or enjoyment after the death of the decedent, or made in contemplation of death, to or for the use of, in trust or otherwise (including property of which the decedent has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death (1) the possession or enjoy- ment of, or the right t o the income from such pro perty or (2) t he right, either alone or in conjunction with any person, to designate the perso ns who shall p ossess or enj oy the proper ty or the inco me therefrom), the father, mother, husband wife, children by blood or legally adopted children, or any other iineal descendants or lineal ancestors of the decedent, shall be subject to a tax of 1 per centum on so much of the clear value of such property so transferred to each such beneficiary as is in excess of $5,000. (b) So much of said property as is in excess of $2,000, so trails- ferred to each of the brothers, sisters, nephews, and nieces of the whole or half blood of the decedent shall be subject to a tax of 3 per centum thereof. (c) So much of said property as is in excess of $1,000, so trans- ferred to each of the grandnephews and grandnieces of the decedent and all persons other than those included in paragraphs (a) and (b) of this section, and all firms, institutions, associations, and cor- porations, shall be subject to a tax of 5 per centum thereof. (d) Executors, administrators, trustees, and other persons snaking distribution shall only be discharged from liability for the amount of such tax, with the payment of which they are charged, by paying the same as hereinafter described. 683 Existing provisions not affected. 32 Stat. 622. Registration fees, etc. Pr ovisio ns repe aled. 43 Stat.108. Effective date of title. Title -Inherit- ance and estate taxes. In herita nce tax. Application of. Transfers to chil- dren, etc ., in excess of $5,000. Transfers to broth- ers, etc ., in excess of $2,000. Over $1,000 to any not included in first two classes. Discha rge of liabil - ity for payment .