| United States. Court of Claims - Law reports, digests, etc - 1928 - 766 pages
...decedent dying after the passage of this act. whether a resident or nonresident of the United States." " SEC. 403. That for the purpose of the tax the value...of a resident, by deducting from the value of the gross estate — ***** "(3) The amount of all bequests, legacies, devises, or gifts, to or for the... | |
| United States. Court of Claims - Law reports, digests, etc - 1929 - 762 pages
...the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life; and to the extent of the excess over $40,000...policies taken out by the decedent upon ' his own life." Plaintiffs' chief contention is that the statute fixing the measure of the tax, in so far as it includes... | |
| United States. Court of Claims - Law reports, digests, etc - 1930 - 854 pages
...estate from which the net income is computed, there shall be included the amount, over an exemption, " receivable by all other beneficiaries as insurance...policies taken out by the decedent upon his own life." After the effective date of this act a Mr. Brown procured three insurance policies on his life, in... | |
| United States. Court of Claims - Law reports, digests, etc - 1926 - 1122 pages
...of the act. Section 402 prescribes the method for determining the gross estate. Section 403 provides that for the purpose of the tax the value of the net estate shall be determined by deducting from the value of the gross estate the amounts of certain expenses and other items stated... | |
| Law reports, digests, etc - 1928 - 1130 pages
...Зесиод 403 (a) (2) of the Revenue Act of 1918 (Сотр. St. § 6336 %d), which read as follows: "Sec. 403. That for the purpose of the tax the value...of a resident, by deducting from the value of the gross estate — • •••••• "(2) An amount equal to the value at the time of the decedent's... | |
| Law reports, digests, etc - 1920 - 932 pages
...the amount receivable by the executor as insuranee under policies taken ont by the decedent upon bis own life ; and to the extent of the excess over $40,000...the amount receivable by all other beneficiaries as Insn ranee under policies taken out by the decedent upon his own life" (section 6336%c, new section... | |
| United States. Congress. Senate. Committee on Finance - Taxation - 1918 - 660 pages
...title and uny State transfer or inheritance taxes trhich may be imposed upon the decedent's estate; and to the extent of the excess over $40,000 of the...amount [receivable by all other beneficiaries as] of preminms paid by the decedent for insurance [under policiesl taken out [by the decedent] upon his... | |
| United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...title and any State transfer or inheritance taxes which may be imposed vpon the decedent's estate; and to the extent of the excess over $40,000 of the amount [receivable by all other beneficiaries asl of preminms paid by the decedent for insurance [under policiesl taken out [by the decedentl upon... | |
| United States. Congress. House. Committee on Ways and Means - Income tax - 1918 - 622 pages
...day of March, 1901." 1918, in the Senate, proposes to nuike such exemption in the following language "That for the purpose of the tax the value of the net estate shall be determined («) in the case of a resident by deducting from the value of the gross estate * * * all bequests,... | |
| National City Company, United States - Internal revenue law - 1919 - 104 pages
...the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life ; and to the extent of the excess over $40,000...policies taken out by the decedent upon his own life. 298. SEC. 403. That for the purpose of the tax the value of the net estate shall be determined —... | |
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