adjusted taxable estate

estate is:The maximum tax credit shall be: Not over $90,000 8/10ths of 1% of the amount by which the taxable estate exceeds $40,000. Over $90,000 but not over $140,000 $400 plus 1.6% of the excess over $90,000. Over $140,000 but not over $240,000 $1,200 plus 2.4% of the excess over $140,000. Over $240,000 but not over $440,000 $3,600 plus 3.2% of the excess over $240,000. Over $440,000 but not over $640,000 $10,000 plus 4% of the excess over $440,000. Over $640,000 but not over $840,000 $18,000 plus 4.8% of the excess over $640,000. Over $840,000 but not over $1,040,000 $27,600 plus 5.6% of the excess over $840,000. Over $1,040,000 but not over $1,540,000 $38,800 plus 6.4% of the excess over $1,040,000. Over $1,540,000 but not over $2,040,000 $70,800 plus 7.2% of the excess over $1,540,000. Over $2,040,000 but not over $2,540,000 $106,800 plus 8% of the excess over $2,040,000. Over $2,540,000 but not over $3,040,000 $146,800 plus 8.8% of the excess over $2,540,000 Over $3,040,000 but not over $3,540,000 $190,800 plus 9.6% of the excess over $3,040,000. Over $3,540,000 but not over $4,040,000 $238,800 plus 10.4% of the excess over $3,540,000. Over $4,040,000 but not over $5,040,000 $290,800 plus 11.2% of the excess over $4,040,000. Over $5,040,000 but not over $6,040,000 $402,800 plus 12% of the excess over $5,040,000. Over $6,040,000 but not over $7,040,000 $522,800 plus 12.8% of the excess over $6,040,000. Over $7,040,000 but not over $8,040,000 $650,800 plus 13.6% of the excess over $7,040,000. Over $8,040,000 but not over $9,040,000 $786,800 plus 14.4% of the excess over $8,040,000. Over $9,040,000 but not over $10,040,000 $930,800 plus 15.2% of the excess over $9,040,000. Over $10,040,000 $1,082,800 plus 16% of the excess over $10,040,000. For purposes of this section, the term “adjusted taxable estate” means the taxable estate reduced by $60,000.

For purposes of this section, the term “adjusted taxable estate” means the taxable estate reduced by $60,000.