Valentine v. . Gill, Comr. of Revenue

Section 1 (Article 1) of the Bevenue Act — chapter 158, Public Laws of 1939 — imposes an inheritance tax upon transfers of property at a scheduled rate, applicable to the classes named, as set out in sections 3, 4, and 5, respectively, designated as Classes A, B, and C. We are more immediately concerned with sections 3 and 4, certain provisions of which are by reference incorporated in section 12. The latter section exempts from recurring taxes within two years under the conditions therein named. It is as follows:

“Sec. 12. BectjReing Taxes. — Where property transferred has been taxed under…