374
INTERNAL REVENUE CODE OF 1954
If the taxable estate is: The tax shall be: Over $1,500,000 but not over $2,000,000__ $528,200, plus 4 5 % of excess over $1,500,000. Over $2,000,000 but not over $2,500,000.. $753,200, plus 49 % of excess over $2,000,000. Over $2,500,000 but not over $3,000,000.. $998,200, plus 53 % of excess over $2,500,000. Over $3,000,000 but not over $3,500,000._ $1,263,200, plus 56% of excess over $3,000,000. Over $3,500,000 but not over $4,000,000.. $1,543,200, plus 59% of excess over $3,500,000. Over $4,000,000 but not over $5,000,000.. $1,838,200, plus 6 3 % of excess over $4,000,000. Over $5,000,000 but not over $6,000,000.. $2,468,200, plus 67% of excess over $5,000,000. Over $6,000,000 but not over $7,000,000.$3,138,200, plus 70% of excess over $6,000,000. Over $7,000,000 but not over $8,000,000.. $3,838,200, plus 7 3 % of excess over $7,000,000. Over $8,000,000 but not over $10,000,000.. $4,568,200, plus 76% of excess over $8,000,000. Over $10,000,000 $6,088,200, plus 77% of excess over $10,000,000. SEC. 2002. LIABILITY FOR PAYMENT. The tax imposed by this chapter shall be paid by the executor. PART II—CREDITS AGAINST TAX Sec. Sec. Sec. Sec. Sec. Sec.
2011. 2012. 2013. 2014. 2015. 2016.
Credit for State death taxes. Credit for gift tax. Credit for tax on prior transfers. Credit for foreign death taxes. Credit for death taxes on remainders. Recovery of taxes claimed as credit.
SEC. 2011. CREDIT FOR STATE DEATH TAXES. (a) IN GENERAL. — The tax imposed by section 2001 shall be credited with the amount of any estate, inheritance, legacy, or succession taxes actually paid to any State or Territory or the District of Columbia, or any possession of the United States, in respect of any property included in the gross estate (not including any such taxes paid with respect to the estate of a person other than the decedent). (b) AMOUNT OF C R E D I T. — The credit allowed by this section shall not exceed the appropriate amount stated in the following table: If the taxable estate is: The maximum tax credit shall be: Not over $90,000 8/lOths of 1 % of the amount by which the taxable estate exceeds $40,000. Over $90,000 but not over $140,000 $400 plus 1.6 % of the excess over $90,000. Over $140,000 but not over $240,000 $1,200 plus 2.4% of the excess over $140,000. Over $240,000 but not over $440,000...-. $3,600 plus 3.2% of the excess over $240,000. Over $440,000 but not over $640,000 $10,000 plus 4 % of the excess over $440,000. Over $640,000 but not over $840,000 $18,000 plus 4.8% of the excess over $640,000. Over $840,000 but not over $1,040,000... $27,600 plus 5.6% of the excess over $840,000. Over $1,040,000 but not over $1,540,000.. $38,800 plus 6.4% of the excess over $1,040,000. 5 2001
�
