Page:United States Statutes at Large Volume 68A.djvu/439

 CH. 11—^ESTATE TAX

of cruelty to children or animals, and no substantial part of the activities of such trustee or trustees, or of such fraternal society, order, or association, is carrying on propaganda, or otherwise attempting, to influence legislation. (B) P O W E R S OF APPOINTMENT.—Property includible in the decedent's gross estate under section 2041 (relating to powers of appointment) received by a donee described in this paragraph shall, for purposes of this paragraph, be considered a bequest of such decedent. (C) D E A T H TAXES PAYABLE OUT OF BEQUESTS.—If the

tax

imposed by section 2101, or any estate, succession, legacy, or inheritance taxes, are, either by the terms of the will, by the law of the jurisdiction under which the estate is administered, or by the law of the jurisdiction imposing the particular tax, payable in whole or in part out of the bequests, legacies, or devises otherwise deductible under this paragraph, then the amount deductible under this paragraph shall be th^ amount of such bequests, legacies, or devises reduced by the amount of such taxes. (D) LIMITATION ON DEDUCTION.—The amount of the deduc-

tion under this paragraph for any transfer shall not exceed the value of the transferred property required to be included in the gross estate. (E)

D I S A L L O W A N C E O F DEDUCTIONS I N CERTAIN CASES.—•

For disallowance of certain charitable, etc., deductions otherwise allowable under this paragraph, see sections 504 and 681. (F)

OTHER CROSS R E F E R E N C E S. —

(1) For option as to time for valuation for purpose of deduction under this paragraph, see section 2032. (2) For exemption of bequests to or for benefit of Library of Congress, see section 5 of the Act of March 3, 1925, as amended (56 Stat. 765; 2 U.S.C. 161). (3) For construction of bequests for benefit of the library of the Post Office Department as bequests to or for the use of the United States, see section 2 of the Act of August 8, 1946 (60 Stat. 924; 5 U.S.C. 393). (4) For exemption of bequests for benefit of Office of Naval Records and Library, Navy Department, see section 2 of the Act of March 4, 1937 (50 Stat. 25; 5 U.S.C. 419b). (5) For exemption of bequests to or for benefit of National Park Service, see section 5 of the Act of July 10, 1935 (49 Stat. 478; 16 U.S.C. 19c). (6) For construction of devises or bequests accepted by the Secretary of State under the Foreign Service Act of 1946 as devises or bequests to or for the use of the United States, see section 1021(e) of that Act (60 Stat. 1032; 22 U.S.C. 809). (7) For construction of gifts or bequests of money accepted by the Attorney General for credit to "Commissary Funds, Federal Prisons" as gifts or bequests to or for the use of the United States, see section 2 of the Act of May 15, 1952, 66 Stat. 73, as amended by the Act of July 9, 1952, 66 Stat. 479 (31 U.S.C. 725s-4). (8) For payment of tax on bequests of United States obligations to the United States, see section 24 of the Second Liberty Bond Act, as amended (59 Stat. 48, § 4; 31 U.S.C. 757e). (9) For construction of bequests for benefit of or use in connection with the Naval Academy as bequests to or for the use of the United States, see section 3 of the Act of March 31, 1944 (58 Stat. 135; 34 U.S.C. 1115b). (10) For exemption of bequests for benefit of Naval Academy Museum, see section 4 of the Act of March 26, 1938 (52 Stat. 119; 34 U.S.C. 1119). § 2106(a)(2)(F)

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