53 STAT.]
76TH CONG., IST SESS.-CH. 367-JULY 26, 1939
based upon tangible personal property owned and stored by such
person in a public warehouse in the District of Columbia for a period
of time no longer than is necessary for the convenience or exigencies
of reshipment and transportation to its destination without the Dis-
trict of Columbia.
TITLE V-INHERITANCE AND ESTATE TAXES
Title V of the District of Columbia Revenue Act of 1937, as
amended by an Act entitled "An Act to amend the District of Colum-
bia Revenue Act of 1937, and for other purposes", approved May 16,
1938, is amended to read as follows:
"Taxes shall be imposed in relation to estates of decedents, the shares
of beneficiaries of such estates, and gifts as hereinafter provided:
"ARTICiE I--INHERITANCE TAX
"SEC. 1. (a) All real property and tangible and intangible personal
property, or any interest therein, having its taxable situs in the
District of Columbia, transferred from any person who may die
seized or possessed thereof, either by will or by law, or by right of
survivorship, and all such property, or interest therein, transferred
by deed, grant, bargain, gift, or sale (except in cases of a bona fide
purchase for full consideration in money or money's worth), made
or intended to take effect in possession or enjoyment after the death
of the decedent, or made in contemplation of death, to or for the use
of, in trust or otherwise (including property of which the decedent
has retained for his life or for any period not ascertainable without
reference to his death or for any period which does not in fact end
before his death (1) the possession or enjoyment of, or the right to
the income from such property or (2) the right, either alone or in
conjunction with any person, to designate the persons who shall
possess or enjoy the property or the income therefrom), to the father,
mother, husband, wife, children by blood or legally adopted children,
or any other lineal descendants or lineal ancestors of the decedent
shall be subject to a tax as follows: 1 per centum of so much of said
property as is in excess of $5,000 and not in excess of $50,000; 2 per
centum of so much of said property as is in excess of $50,000 and not
in excess of $100,000; 3 per centum of so much of said property as
is in excess of $100,000 and not in excess of $500,000; 4 per centum
of so much of said property as is in excess of $500,000 and not in
excess of $1,000,000; 5 per centum of so much of said property as
is in excess of $1,000,000.
"(b) So much of said property so transferred to each of the brothers
and sisters of the whole or half blood of the decedent shall be subject
to a tax as follows: 3 per centum of so much of said property as is
in excess of $2,000 and not in excess of $25,000; 4 per centum of so
much of said property as is in excess of $25,000 and not in excess of
$50,000; 6 per centum of so much of said property as is in excess of
$50,000 and not in excess of $100,000; 8 per centum of so much of said
property as is in excess of $100,000 and not in excess of $500,000;
10 per centum of so much of said property as is in excess of $500,000.
"(c) So much of said property so transferred to any person other
than those included in paragraphs (a) and (b) of this section and
all firms, institutions, associations, and corporations shall be subject
to a tax as follows: 5 per centum of so much of said property as is
in excess of $1,000 and not in excess of $25,000; 7 per centum of so
much of said property as is in excess of $25,000 and not in excess
of $50,000; 9 per centum of so much of said property as is in excess of
$50,000 and not in excess of $100,000; 12 per centum of so much of
said property as is in excess of $100,000 and not in excess of $500,000;
1111
50 Stat. 683; 52
Stat.360 .
Inheritance tax.
Transfer to lineal
descendants or ances-
tors.
Rates.
Transfers to broth-
ers, etc.
Rates.
Transfers not in-
cluded in first two
classes.
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