 | United States. Supreme Court - Law reports, digests, etc - 1924 - 732 pages
...passage of this Act." Then follow the percentages graduated according to value. Section 403 provides that for the purpose of the tax the value of the net estate shall be determined in the case of a resident of the United States by deducting (1) funeral and administration expenses,... | |
 | Taxation - 1927 - 1150 pages
...the net estate" of the decedent. Section 401; 40 Stat. 1096 (Comp. St Ann. Supp. 1919, § 6336%b). "For the purpose of the tax the value of the net estate shall be determined" by deducting certain allowances from the gross estate. Section 403 (section 6336%d). By section 402... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...other beneficiaries as insurance under policies taken out by the decedent upon his own life. SEC. 403. That for the purpose of the tax the value of the net...expenses, claims against the estate, unpaid mortgages upon, or any indebtedness in respect to, property (except, in the case of a resident decedent, where... | |
 | Irving Bank-Columbia Trust Company - Income tax - 1925 - 152 pages
...created, arising existing, exercised, or relinquished before or after the enactment of this Act. SEC. 303. For the purpose of the tax the value of the net estate...expenses, claims against the estate, unpaid mortgages upon, or any indebtedness in respect to, property (except, in the case of a resident decedent, where... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1925 - 1154 pages
...202 gives the mode cf determining the value of the gross estate. Then by section 203 it Is enacted "That for the purpose of the tax the value of the...of a resident, by deducting from the value of the -•"— estate — (1) such amounts for funeral expenses, administration expenses, claims against... | |
 | Law reports, digests, etc - 1922 - 1084 pages
...other person and never to have belonged to the decedent. • • • " Comp. St. § KWC>y,c. "Sec. 203. That for the purpose of the tax the value of the net...case of a resident, by deducting from the value of tie gross estate — (275 P.) of the estate arising from fires, storms, shipwreck or other casualty,... | |
 | New York (State) - Administrative courts - 1925 - 800 pages
...— For the purpose of determining the value of the net estate the following deductions are allowed from the value of the gross estate : (1) Such amounts...expenses, claims against the estate, unpaid mortgages upon, or any indebtedness in respect to, property (except, where such property is not situated in this... | |
 | United States. Supreme Court - Law reports, digests, etc - 1925 - 1420 pages
...passage of this act." Then follow the percentages, graduated according to value. Section 403 provides that, for the purpose of the tax, the value of the net estate shall be determined in the case of a resident of the United States by deducting (1) funeral and administration expenses,... | |
 | New York (State) - Session laws - 1925 - 1586 pages
...relinquished before or after the enactment of this article. § 249-c. Valuation of estates, deductions. For the purpose of the tax the value of the net estate shall be determined by deducting from the value of the gross estate — (1) Such amounts for funeral expenses, administration... | |
 | Lafayette Blanchard Gleason, Alexander Otis - Gifts - 1925 - 1550 pages
...transfer, or at the time of the decedent's death. • DEDUCTIONS— ESTATES OF NONRESIDENTS SEC. 303. For the purpose of the tax the value of the net estate shall be determined — * * * (b) In the case of a nonresident, by deducting from the value of that part of his gross estate... | |
| |
That for the purpose of the tax the value of the net estate shall be determined — (a) In the case of a resident, by deducting from the value of the gross estate... 
