Page:United States Statutes at Large Volume 49 Part 1.djvu/1066

74TH CONGRESS . SESS. I . CH. 829. AUGU ST 30, 1935 . (b) Sect ion 112(c) (1) of the Revenue Act of 1934 is amende d by strikin g out "or (5)" and inserting in lieu thereof "(5), or (6)". (c) Section 112(e) of the Revenue Act of 1934 is amended by stri king out " subse ction (b) (1) to (5)" a nd in sertin g in lieu there of "subsection (b) (1) to (6)" . (d) Section 112 (i) of the Revenue Act of 1934 is amended by striking out "(4), or (5)" and insertin~ in lieu thereof "(4), (5),or (6) ", and by striking out "(3) or (5)' and i nsert ing in lieu ther eof " 3), (5), or (6)" . (e) The amendments made b y this section sh all apply only in the case of tax able years beginn ing after Decembe r 31, 1935 . TITLE 11-AMENDMENTS TO ESTATE TAX SEC . 201. ESTATE TAX RATES (a) Section 401(b) of the Revenue Act of 1932, as amended, is amended to read as follows "(b) The tentative tax referred to in subsection (a) (1) of this section shall equal the sum of the following percentages of the value of the net estate "Upon net estates not in excess of $10,000, 2 per centum . "$200 upon net estates of $10,000 ; and upon net estates in excess of $10,000 and not in excess of $20,000, 4 per centum in addition of such excess. "$600 upon net estates of $20,000 ; and upon net estates in excess of $20,000 and not in excess of $30,000, 6 per centum in addition of such excess . " $1,200 upon net estates of $30,000 ; and upon net estates in excess of $30,000 and not in excess of $40 .000, 8 per centum in addition of such excess . "$2,000 upon net estates of $40,000 ; and upon net estates in excess of $40,000 and not in excess of $50,000, 10 per centum in addition of such exces s . "$3,000 upon net estates of $50,000 ; and upon net estates in excess of $50,000 and not in excess of $70,000, 12 per centum in addition of such exces s . " $5,400 upon net estates of $10,000 ; and upon net estates in excess of $70,000 and not in excess of $100,000, 14 per centum in addition of such excess . "$9,60 0 upo n net estat es of $100 ,000 ; and upon net estates in excess of $100,000 and not in excess of $200,000, 17 per centum in addition of such excess. " $26,600 upon net estates of $200,000 ; and upon net estates in excess of $200,000 and not in excess of $400,000, 20 per centum in addition of such excess . "$66,600 upon net estates of $400,000 ; and upon net estates in excess of $400, 000 and not in ex cess of $600,000, 23 per centum in addition of such excess . " $112,600 upon net estates of $600,000 ; and upon net estates in excess of $600, 000 and not in ex cess of $800,000, 26 per centum in addition of such excess . "$164,600 upon ne t estates of $800 ,000 ; and up on net estates in excess of $800,000 and not in excess of $1,000,000, 29 per centum in addition of such excess . "$222,600 upon net estates of $1,000,000 ; and upon net estates in excess of $1,000,000 and not in excess of $1,500,000, 32 per centum in addition of such excess . "$382,600 upon net estates of $1 .500 .000 ; and upon net estates in exce ss of $1,5 00,000 and not i n exce ss of $2,0 00,000 , 35 per c entum in addition of such excess. Vol . 48, p . 705 . 10 21 Vol.48,p.704 . Vol. 48, pp. 705, 706 . Taxable years to wh ich applicable . Title II-Amend- ments to estate tax . Estate tax rates. V ol. 47, p. 243; Vol. 48, p. 754; U.S. C., p. 1081 .