(1) The tax imposed upon the value of the net taxable estate of a decedent, distributable in accordance with the classification, deductions, allowances and exemptions set out in this part shall be, respectively, at the following rates: Class A If net taxable estate is: The tax is: Not over $40,000 5.5% of the net taxable estate. Over $40,000 but not over $240,000 $2,200, plus 6.5% of the excess over $40,000. Over $240,000 but not over $440,000 $15,200, plus 7.5% of the excess over $240,000. Over $440,000 $30,200, plus 9.5% of the excess over $440,000.
(2) Class B If the net taxable estate is: The tax is: Not over $40,000 5.5% of the net taxable estate. Over $40,000 but not over $240,000 $2,200 plus 6.5% of the excess over $40,000. Over $240,000 but not over $440,000 $15,200 plus 7.5% of the excess over $240,000. Over $440,000 $30,200 plus 9.5% of the excess over $440,000.
(3) In the case of a decedent dying in 2016, or in any subsequent year, no tax shall be imposed pursuant to this part; provided, however, that this subsection (b) shall not be construed to absolve liability for any tax duly levied by this section, during any year prior to January 1, 2016.