Estate of McKee v. State

Burr, Ch. J.

This case involves the interpretation of § 3, subdivision 2 (B)- of 'chapter 251, Session Laws of 1933, which provides that in determining the amount ■ of tax imposed -upon the transfer 'of the net estate of every decedent, exemption from taxation is allowed to the extent of“The amount of all bequests, legacies, devises, or transfers, except bona fide sales for an equivalent monetary consideration -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 any public institution, for exclusively public…