Morsman v. Commissioner
United States Board of Tax Appeals
Credit claimed by petitioner on account of inheritance taxes paid to the State of Nebraska in respect of property included in the gross estate for estate-tax purposes should be allowed in an amount not to exceed 25 per cent of the estate tax.
1Opinion of the Court
*416OPINION.
Lansdon:
The only issue presented is whether petitioner is entitled to credit Federal estate taxes with the amount of inheritance taxes paid to the State of Nebraska. Section 301 (b) of the Revenue Act of 1924 provides:
The tax imposed by this section 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, in respect of any property included in the gross estate. The credit allowed by this subdivision shall not exceed 25 per centum of the tax imposed by this section.
The respondent…
2Cited by3 opinions
- Pearson v. United StatesUnited States Court of Claims · 1937
- Clark v. United StatesDistrict Court, D. New Jersey · 1939
- Morsman v. CommissionerUnited States Board of Tax Appeals · 1928