280 SIXTY-SEVENTH CONGRESS. Sess. I. Ch. 136. 1921. E“"*"” "**- case of the estates of all decedents who have died since December 31, 1917; and E¤¤¤¤v¤¤¤¤f$5¤»00¤- (4) An exemption of $50,000; 0, ,,,,,,m,d,,,,,,, (b) In the case of a nonresident, b deducting-lfrom the value of D¢¤P°¤¤¤= Mm that part of his gross estate which at the time of 's death is situated estatemUn1tedStates. . h U ·t d StutcS_ P'°P°",xI,¤*°s“, °"“°°’°’· m (il )6ThI:i1t iiroportion of the deductions specified in paragraph (1) of em" subdivision (a) of this section which the value of such part bears to the value of his entire gross estate, wherever situated, but in no case shall the amount so deducted exceed 10 per centum of the value of that part of his gross estate which at the time of his death is situated in Umm in flac Xnnited States; 81 h I f f P'°P°;*Y. 2 amount u to the va ue 0 any pro erty orming a art §iiii:?x¤¤$°a?°:°¤Kld mm of the gross estate siiiiuated in the United States ofp any p`erson who died within five years prior to the death of the decedent w ere such propertyl can be identified as having been received by the decedent from suc prior decedent by gift, bequest, devise, or inheritance, or which PWM can be identified as having been acquired in exchange for property .u1¤w¤1 my me so received: Provided, That this deduction shall be allowed only {’a"{'g’;"L},Yp,,'{},f""°“ °“‘ where an estate tax under this or any prior Act of Congress was paid Limit by or on behalf of the estate of such rior decedent, and only in the amount of the value laced by the (limmissioner on such (property in determining the valine of the gross estate of such prior ecedent, and only to the extent that the value of such prolperty is included in that part of the decedentfs gross estate which at the time of his death ,1,,,],,,,,,,,,, ,0 dmhs is situated in the _United States and not deducted under para§r£lphs gg? Sepwmw 8. (1) or (3) of subdrvision (b) of this section. This deduction s be ` made in case of the estates of all decedents who have died since September 8, 1916; and mg‘§Q,‘f°SIff,g,‘§§;·°,?,§gj (3) The amormt of all bequests, legacies, devises, or transfers, i<>¤¤» <¤¤=¤i¢¤¤>1¤. ew, except bona fide sales for a fau· consideration, in money or money’s °S°S` wort , in contemplation of or intended to take effect in possession or enjoyment at or after the decedent’s death, to or for the use of the United States, any State, Territory, any riolitical subdivision thereof, or the District of Columbia, for exclusive y public purposes, or to or for the use of any domestic corporation organized and operated exclusively for religious, charitable, scientific, rterary, or educational pur·- poses, including the encouragement of art and the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to a trustee or trustees exclusively for such religious, charitable, scientific, literary, sg{?;gpu]g:bQ;¢:1:g€i;cat£€ 0I' €dU08·t»l0D8·l purposes Wltlllll tim United States. This deduction 1°¤7· shall be made in case of the estates of all decedents who have died since December 31, 1917. ,,,§’§,§’,‘f,‘,§’,‘§,‘*,‘,§'f “""’“ No deduction shall be allowed in the case of a nonresident unless the executor includes in the return required to be filed under section 404 the value at the time of his death of that art of the gross estate P of Ighe nlpnresident nptlsituatpd in tilie Unéted gtates. Bd . '?P°¤Yi¤°l“d:id“ or the p1u·pose o t `s tit e stoc in a omestic co oration own gill; uw U °°d and held by a nonresident decedent shall be deemedrriiroperty within the United States, and any properti of which the decedent has made a transfer or with respect to which e has created a trust, within the mean§ of subdivision (c) of section 402, shall be deemed to be situa in the United States, if so situated either at the time of the transfer or the creation of the trust, or at the time of the dece- In dent’s death. d,,,,,S"ff,Ff‘l‘§,°0,““,§i,,,% The amount receivable as insurance upon the life of a nonresident g{%*Y¤*'-¤°U¤**•¤ decedent, and any moneys deposited with an person carrying on the banking busmess, by or for a nonresident decedent who was not engaged in business m the United States at the time of his death,
