Estates of Decedents the entire gross estate, and (B) shall not exceed the amount by which the gift tax paid under chapter 4 or under Title III of the Revenue Act of 1932, with respect to so much of the property as constituted the gift as is included in the gross estate, exceeds the amount of the credit under 813 (a) (2). the entire gross estate, and (B) gross estate, bears to the value of Sec. 936. (b) (2) For the purSec. 936. (b) (2) For the pur- Sec. 936. (b) (2) For the purposes of paragraph (1), the poses of paragraph (1), the poses of paragraph (1), the amount of tax paid for any year amount of tax paid for any year amount of tax paid for any year under chapter 4 or under Title III under chapter 4 or under Title III under chapter 4 or under Title III of the Revenue Act of 1932 with of the Revenue Act of 1932 with of the Revenue Act of 1932 with respect to any property shall be an respect to any property shall be an respect to any property shall be an amount which bears the same ratio amount which bears the same ratio amount which bears the same ratio to the total tax paid for such year to the total tax paid for such year to the total tax paid for such year as the value of such property as the value of such property as the value of such property bears to the total amount of net bears to the total amount of net bears to the total amount of net gifts (computed without deduction gifts (computed without deduction gifts (computed without deduction of the specific exemption) for such of the specific exemption) for such of the specific exemption) for such year. Sec. 937. Assessment, collection, and payment of tax. year. Sec. 936 (b), I. R. C., supra, amended by Sec. 1, H, J. Res. 60, approved March 17, 1941, to read as above. Sec. 2 of said H. J. Res. 60 makes amendment effective as if such section as amended had been enacted in the I. R. C. on Feb. 10, 1939. For Sec. 936 (b), I. R. C., before amendment, see 1941 column. Sec. 937. Assessment, collection, and payment of tax. year. Sec. 936 (b), I. R. C., supra, amended by Sec. 1, H. J Res. 60, approved March 17, 1941, by omitting language in stricken through type and adding language in italics. Sec. 2 of said H. J. Res. 60 makes amendment effective as if such section as amended had been enacted in the I. R. C. on Feb. 10, 1939. Sec. 937. Assessment, collection, and payment of tax. Except as provided in section Except as provided in section Except as provided in section 936, the tax imposed by section 936, the tax imposed by section 936, the tax imposed by section 935 shall be assessed, collected, 935 shall be assessed, collected, 935 shall be assessed, collected. and paid, in the same manner, and and paid, in the same manner, and and paid, in the same manner, and shall be subject to the same pro- shall be subject to the same pro- shall be subject to the same provisions of law (including penal- visions of law (including penal- visions of law (including penalties), as the tax imposed by sub- ties), as the tax imposed by sub- ties), as the tax imposed by subchapter A, except that in the case chapter A, except that in the case chapter A, except that in the ease of a citizen or resident of the of a citizen or resident of the of a citizen or resident of the United States a return shall be United States a return shall be required if the value of the gross required if the value of the gross estate at the time of decedent's estate at the time of decedent's death exceeds the amount of the death exceeds the amount of the specific exemption provided in sec-specific exemption provided in section 935 (c). tion 935 (c). United States a return shall be required if the value of the gross estate at the time of decedent's death exceeds the amount of the specific exemption provided in section 935 (c). Sec. 938. Publicity of returns. For provisions with respect to publicity of returns under this chapter, see subsection (a) (2) of section 55. SUDCHAPTER C DEFENSE TAX FOR FIVE YEARS See. 951. Defense tax for five years. In the case of a decedent dying after the date of the enactment of Estates of Decedents the entire gross estate, and (B) shall not exceed the amount by which the gift tax paid under chapter 4 or under Title III of the Revenue Act of 1932, with respect to so much of the property as constituted the gift as is included in the gross estate, exceeds the amount of the credit under 813 (b) 813 (a) (2). Estates of Decedents the entire gross estate, and (B) Sec. 936. (b) (2) For the purSec. 936. (b) (2) For the purposes of paragraph (1), the poses of paragraph (1), the amount of tax paid for any year amount of tax paid for any year under chapter 4 or under Title III under chapter 4 or under Title III of the Revenue Act of 1932 with of the Revenue Act of 1932 with respect to any property shall be an respect to any property shall be an amount which bears the same ratio amount which bears the same ratio to the total tax paid for such year to the total tax paid for such year as the value of such property as the value of such property bears to the total amount of net bears to the total amount of net gifts (computed without deduction gifts (computed without deduction of the specific exemption) for such of the specific exemption) for such year. Sec. 936 (b), I. R. C., supra, amended by Sec. 1, H. J. Res. 60, approved March 17, 1941, by omitting language in stricken through type and adding language in italics. Sec. 2 of said H. J. Res. 60 makes amendment effective as if such section as amended had been enacted in the I. R. C. on Feb. 10, 1939. Sec. 937. Assessment, collection, and payment of tax. year. Sec. 936 (b), I. R. C., supra, amended by Sec. 1, H. J. Res. 60, approved March 17, 1941, by omitting language in stricken through type and adding language in italics. Sec. 2 of said H. J. Res. 60 makes amendment effective. as if such section as amended had been enacted in the I. R. C. on Feb. 10, 1939. Sec. 937. Assessment, collection, and payment of tax. Except as provided in section Except as provided in section 936, the tax imposed by section 936, the tax imposed by section 935 shall be assessed, collected, 935 shall be assessed, collected, and paid, in the same manner, and and paid, in the same manner, and shall be subject to the same pro- shall be subject to the same provisions of law (including penal- visions of law (including penalties), as the tax imposed by sub- ties), as the tax imposed by subchapter A, except that in the case chapter A, except that in the case of a citizen or resident of the of a citizen or resident of the United States a return shall be United States a return shall be required if the value of the gross required if the value of the gross estate at the time of decedent's estate at the time of decedent's death exceeds the amount of the death exceeds the amount of the specific exemption provided in sec- specific exemption provided in section 935 (c). tion 935 (c). Estates of Decedents Dying on or before Feb. 10, 1939 Sec. 403. Assessment, collection and payment of tax. See p. 474, Eighth Edition. Estates of Decedents eɛePyong during 194faiy 401 Estates of Decedents the Revenue Act of 1940 and before the expiration of five years after -94531 dents baie after sucht date, the total amount of tas -99 For Seo. 1951, R.,before rot payehlender this chapter shall be oz qysh demo to permentum greater than the botutitamos ac vtroqorq add to anot tax which would be i 220rg 9dt i bobuloni ai es fling out able if computed, without regard 9dt to tauons 9dt ab999x9 91size this sectionom For the purposes of (S) (0) E18 ( 848 robnu tibor the section, the tex computed with out regard to this section shall be such tax after the application of the credits profiled for 48 section 810 and section 936q to 2940 1697 suvenäßterie land sec. 951. I.SC., supra, addediter R drift bro See 206 R A. of 1940, approved June 25, 1940. subchapter Crand Sea $51, supras repealed -uq 9d 10 (S) (d) .aɛe .992 oit .by AOT 1941 Estates of Decedents Dying during 1940 the Revenue Act of 1940 and before the expiration of five years after such date, the total amount of tax payable under this chapter shall be 10 per centum greater than the amount of tax which would be payable if computed without regard to this section. For the purposes of this section, the tax computed without regard to this section shall be such tax after the application of the credits provided for in section 813 and section 936. Subchapter C and Sec. 951, I. R. C., supra, added to I. R. C. by Sec. 206, R. A of 1940, approved June 25, 1940. Estates of Decedents Dying after Feb. 10, 1939 Estates of Decedents Dying on or before Feb. 10, 1939 |