FOREWORD

HE Federal Estate Tax Law of Septem

THE

ber 8, 1916, was amended by the Act of March 3, 1917. This Amendment affects only the rate of tax on estates of decedents dying on or after March 3, 1917.

The net estate of every resident decedent Estates Subject to and the net estate situated within the United Tax States of every nonresident decedent dying on or after September 9, 1916, is subject to the provisions of the Federal Estate Tax Law and liable for the payment of the tax thereby imposed.

The rate of tax varies according to the Rate of Tax amount of the net estate and increases progressively from 1% on estates of $50,000, to 10% on estates in excess of $5,000,000 of decedents dying prior to March 3, 1917, and from 112% on estates of $50,000 to 15% on estates in excess of $5,000,000 of decedents dying on or after March 3, 1917.

The following tables show the rate of tax, the amount of net estate, and the amount for which the estate is liable.