CHAPTER 376

AN ACT to amend and reenact § 58-158 of the Code of 1950, re-
lating to classification of beneficiaries for inheritance taxes.
[ H 414 ]

Approved April 5, 1950

Be it enacted by the General Assembly of Virginia:

1. That § 58-153 of the Code of 1950 be amended and re-
enacted as follows: .

§ 58-153. Classification of beneficiaries; exemptions and
rates of tax.—For the purposes of this chapter, the classification
of beneficiaries, their exemptions and the rates of taxation shall
be as follows:

Class A. The father, mother, grandfathers, grandmothers,
nusband, wife, children by blood or by legal adoption, stepchil-
tren, grandchildren and all other lineal ancestors and lineal
lescendants of the decedent shall constitute class A.

So much of such property as has the actual value of five
fhousand dollars and so passes to or for the use of any class A
peneficiary shall be exempt from taxation hereunder.
So much of such property as shall so pass to or for the
use of a class A beneficiary shall be subject: To a tax of one
per centum of the actual value of so much thereof as is in excess
of five thousand dollars and is not in excess of fifty thousand
dollars; to a tax of two per centum upon so much thereof as is
in excess of fifty thousand dollars and is not in excess of one
hundred thousand dollars; to a tax of three per centum upon so
much thereof as is in excess of one hundred thousand dollars
and is not in excess of five hundred thousand dollars; to a tax
of four per centum upon so much thereof as is in excess of five
hundred thousand dollars and is not in excess of one million dol-
lars; and to a tax of five per centum upon all in excess of one
million dollars.

Class B. The brothers, sisters, nephews and nieces of the
whole or half blood of the decedent shall constitute class B.

So much of such property as has the actual value of two
thousand dollars and so passes to or for the use of any class B
beneficiary shall be exempt from taxation hereunder.

So much of such property as shall so pass to or for the use
of a class B beneficiary shall be subject to a tax of two per
centum of the actual value of so much thereof as is in excess of
two thousand dollars and is not in excess of twenty-five thou-
sand dollars; to a tax of four per centum upon so much thereof
as is in excess of twenty-five thousand dollars and is not in ex-
cess of fifty thousand dollars; to a tax of six per centum upon
so much thereof as is in excess of fifty thousand dollars and is
not in excess of one hundred thousand dollars; to a tax of eight
per centum upon so much thereof as is in excess of one hundred
thousand dollars and is not in excess of five hundred thousand
dollars; and to a tax of ten per centum upon all in excess of
five hundred thousand dollars.

Class C. Grandnephews and grandnieces of the decedent
and all persons other than members of classes A and B and all
firms, institutions, associations and corporations shall consti-
tute class C.

So much of such property as has the actual value of one
thousand dollars and so passes to or for the use of any class
C beneficiary shall be exempt from taxation hereunder.

So much of such property as shall so pass to or for the use
of a class C beneficiary shall be subject to a tax of five per cen-
tum of the actual value of so much thereof as is in excess of one
thousand dollars and is not in excess of twenty-five thousand
dollars; to a tax of seven per centum upon so much thereof as
is in excess of twenty-five thousand dollars and is not in excess
of fifty thousand dollars; to a tax of nine per centum upon so
much thereof as is in excess of fifty thousand dollars and is not
in excess of one hundred thousand dollars; to a tax of twelve
per centum upon so much thereof as is in excess of one hun-
dred thousand dollars and is not in excess of five hundred thou-
sand dollars; and to a tax of fifteen per centum upon all in ex-
cess of five hundred thousand dollars.