Hanscom v. Commissioner
United States Board of Tax Appeals
1. Credit for state inheritance taxes paid allowed. 2. Respondent's determination of value of stock approved.
1Opinion of the Court
*174OPINION.
Van Fossan:
The first allegation of error is the failure of the respondent to allow as a credit the sum of $659.16 paid as an inheritance tax to the State of Pennsylvania. Section 301 of the Revenue Act of 1926 provides, in part, as follows:(a) In lieu of the tax imposed by Title III of the Revenue Act of 1924, a tax equal to the sum of the following percentages of the value of the net estate (determined as provided in section 303) is hereby imposed upon the transfer of the net estate of every decedent dying after the enactment of this act, whether a resident or nonresident of the…
2Cited by9 opinions
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- Hamburger v. CommissionerCourt of Appeals for the Ninth Circuit · 1948
- Ambassador Petroleum Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Estate of Belle Alice Hamburger Nathan v. CommissionerUnited States Tax Court · 1946
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