FOREST TAXATION IN THE UNITED STATES 415 
sented in the following paragraphs of this section, together with some 
comment relating them to the peculiarities of forest property (220). 
The death-tax rates, according to this committee, should be moder- 
ate. It suggests that the sum of Federal and State death taxes 
should not exceed 15 percent of the value of the property or the whole 
of the normal income for 3 years. If this suggestion were adopted, 
together with the suggestion for installment payments, the death 
taxes on forests might usually be paid within the lifetime of the new 
owner, even on the largest forest estates, without unduly interfering 
with the most profitable plan of management. 
The minimum and maximum basic inheritance tax rates which 
were in effect in the various aie in 1932 are as follows (159, pp. 154- 
155): 
Percent Percent 
PUG CVS SOTO a ee ee a ee (24) Nebraska e345 ae a1 arg bueoe 1— 4 
ATA OM Aree ELS eee ee 1—25 Mewar am atcn wuts Sta seas eee 0 
PAK ATS See see ee) Lumen Tes 1-40 New Hampshire! 2). Sas eee D 
Calitomaiiae Late oes: 1-12 INew Jersey {sso 2L2t is eee 1-16 
Colonad omees Seer ee cor. yy Raves 2-16 New Mexico ses 2 ope ed 1- 5 
Connectiquiss 5-55 ss be 2 leg Nemo so Meets aes gs Y%—-16 
Delaware ser tate yen Car 1- 5 Noronha aromas 2 een 1-26 
orice ene ee ote Oe A iy 120227 Nori Dakota oar 1- 7 
Georgia ase eatlhis Sh eh 4-16 Ohivor sos sa hs S. De Gee eee 1- 8 
tole OVO) Fee Beh <te e e 1-15 Oklahomiay 3.) sacs see hs ek | 1-16 
Tibine iss eee el ae 2-16 OTe OI wa hel sek Bip ey eps acme 1-25 
| Dave Uieays ieee" Rg eae iy ipa, ak ae 1-15 Rennsyiaiiae] == 2 ee eee 2-10 
i os ri Viel es RE al Cet 1-15 Rhodesisland= 228 3227. y =saem Y— 8 
RGaras apie y. oe th ce 2 eoubne Carolinas = 65220 anes 1- 7 
entucksy ee 2 nae ie Lt 1-16 SOUL DAKO tas mye ee 1-20 
IG GUEST aes py Ost) Pee eae teh ae A 2- 7 Reniessee S= 14 es ts a 1-10 
I Veep ra en pes pe Sete ao pe 1- 7 Me ac ieke et EN abet Mag iene a 1-20 
Misra lands ee es 5 italian se eere nay oe eae Lae ee 3- 5 
Massachusetts: 2. 2h aa. 1-12 Viermont ses Stee TE hel hanes 1l- 5 
Michie mss ees 72 Rb sy ple SEE 1-15 Wiirerinat ye et argh yf 11 pte 1-15 
Minnesotac? bps tia steer cya cer 1—16 Washing tone 22 20 © ayia o 1-12 
Miississippiise 2 a2 t= 8s 4-16 MicsteVireimiacs: 22 5c See ae 2-10 
TSS OU fer tie eek ee BS 1-30 WHISCOnSiiies se. S05 Ores saa oe 2-30 
Montana se) {2a ae ee th 1-16 Wyomme sy 44 Ae ake 292 2— 4 
It will be seen that only eight of the States have rates which mate- 
rially exceed the maximum recommended by the national committee 
on inheritance taxation. 
That inheritance tax rates should be substantially uniform through- 
out the United States is another recommendation of this committee. 
This condition has now largely been brought about by the provision 
in the Federal estate tax law allowing a credit for State inheritance 
taxes paid to the amount of 80 percent of the Federal tax. The 
majority of the States have provided, usually by adding complimen- 
tary estate or succession tax provisions to their basic inheritance 
taxes, for a minimum State tax equal to 80 percent of the Federal 
tax. So far as the State tax rates are kept low, so as not to exceed 80 
percent of the Federal rates, uniformity is achieved, and the total 
amount of State and Federal taxes to be paid by the beneficiaries will 
not depend upon the residence of the testator nor upon the location 
of his property. 
Inheritance tax laws and rates should be stable. If the rates and 
provisions of a State inheritance tax law are changed in nearly every 
legislative session, as is now often the case, the law cannot operate 
24In Alabama, 80 percent of the Federal inheritance tax rate. 
26 Or not to exceed 80 percent of the Federal inheritance tax rate. 
