estate tax
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 278 U.S. 327 - Chase Nat Bank of City of New York v. United States · 1929Most cited · 886 citing opinions
Like provisions in earlier acts have been generally upheld as imposing a tax on the privilege of transferring the property of a decedent at death, measured by the value of the interest transferred or which ceases at death.
United States Code
26 U.S.C. § 691 — in this section
The term “estate tax” means the tax imposed on the estate of the decedent or any prior decedent under section 2001 or 2101, reduced by the credits against such tax.