McLeod v. the Commercial Nat. Bank

Griffin Smith, Chief Justice.

The only question we are required to'answer is, What did the General Assembly mean when, in the Estate Tax Law, 1 it defined “gross estate” as that determinable under the provisions of the applicable Federal Revenue Act 1 ?

Oscar A. Schaad, 2 appellee’s testator, paid premiums on $16,000 of life insurance as to which his wife was beneficiary. October 21, 1942, the Federal Revenue Law of 1939 was amended. 3 The 1939 Act 4 was in force in 1941 when our latest Estate Tax was adopted. Appellantj as Commissioner of Revenues for Arkansas, thinks ■ -that at the time…