Page:United States Statutes at Large Volume 68A.djvu/437

 CH. 11

ESTATE TAX

397

Subchapter B—Estates of Nonresidents Not Citizens Sec. Sec. '' Sec. Sec. p: Sec. Sec. SEC. 2101. TAX

2101. Tax imposed. 2102. Credits against tax. 2103. Definition of gross estate. 2104. Property within the United States. 2105. Property without the United States. 2106. Taxable estate, IMPOSED.

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(a) IN GENERAL.—A tax computed in accordance with the table contained in section 2001 is hereby imposed on the transfer of the taxable estate, determined as provided in section 2106, of every decedent nonresident not a citizen of the United States dying after the date of enactment of this title. (b) PROPERTY H E L D BY A L I E N PROPERTY CUSTODIAN.— For taxes in connection with property or interests transferred to or vested in the Alien Property Custodian, see section 36 of the Trading with the Enemy Act, as added by the act of August 8, 1946 (60 Stat. 929; 50 U.S.C. App. 36.) SEC. 2102. CREDITS AGAINST TAX.

The tax imposed by section 2101 shall be credited with the amounts determined in accordance with sections 2011 to 2013, inclusive (relating to State death taxes, gift tax, and tax on prior transfers). SEC. 2103. DEFINITION OF GROSS ESTATE.

For the purpose of the tax imposed by section 2101, the value of the gross estate of every decedent nonresident not a citizen of the United States shall be that part of his gross estate (determined as provided in section 2031) which a t the time of his death is situated in the United States. SEC. 2104. PROPERTY WITHIN THE UNITED STATES. (a) STOCK IN CORPORATION.—For purposes of this

subchapter shares of stock owned and held by a nonresident not a citizen of the United States shall be deemed property within the United States only if issued by a domestic corporation. (b) REVOCABLE TRANSFERS AND TRANSFERS IN CONTEMPLATION OF

DEATH.—For purposes of this subchapter, any property of which the decedent has made a transfer, by trust or otherwise, within the meaning of sections 2035 to 2038, inclusive, shall be deemed to be situated in the United States, if so situated either at the time of the transfer or at the time of the decedent's death. SEC. 2105. PROPERTY WITHOUT THE UNITED STATES. (a) PROCEEDS OF L I F E INSURANCE.—For purposes of this sub-

chapter, the amount receivable as insurance on the life of a nonresident not a citizen of the United States shall not be deemed property within the United States. (b) B A N K D E P O S I T S. — For purposes of this subchapter, any moneys deposited with any person carrying on the banking business, by or for a nonresident not a citizen of the United States who was not § 2105(b)

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