The tax imposed by this chapter in respect to personal property of nonresidents (other than tangible personal property having an actual situs in this state) shall not be payable (1) if the decedent at the time of the decedent's death was a resident of a state or territory of the United States which at the time of the decedent's death did not impose a transfer tax or death tax of any character in respect to personal property of residents of this state (other than tangible personal property having an actual situs in such state or territory), or (2) if the laws of the state or territory of residence of the decedent at the time of the decedent's death contained a reciprocal provision under which nonresidents were exempted from transfer taxes or death taxes of every character in respect of personal property (other than tangible personal property having an actual situs therein) provided the state or territory of residence of such nonresidents allowed a similar exemption to residents of the state or territory of residence of such decedent.
In no case shall the provisions of this section apply to the intangible personal property of nonresident decedents unless such intangible personal property shall have been subjected to a tax or submitted for purposes of taxation in the state of the decedent's residence.
This section shall apply only to estates of decedents dying subsequent to July 4, 1929.
For the purpose of this section the District of Columbia and possessions of the United States shall be considered territories of the United States.
[C31, 35, § 7393-c1; C39, § 7393.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 450.91]
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