[For decedents dying on or after October 1, 1988, and before October 1, 1989, this section shall read as follows:]
A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying on or after October 1, 1988, and before October 1, 1989, whether a resident or a nonresident of the State of Mississippi:
MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 100,000 1.7% 100,000 200,000 1,700 plus 3.4% 100,000 200,000 400,000 5,100 plus 5.2% 200,000 400,000 600,000 15,500 plus 6.6% 400,000 600,000 800,000 28,700 plus 8.0% 600,000 800,000 1,000,000 44,700 plus 9.7% 800,000 1,000,000 1,500,000 64,100 plus 11.4% 1,000,000 1,500,000 2,000,000 121,100 plus 12.7% 1,500,000 2,000,000 2,500,000 184,600 plus 14.0% 2,000,000 2,500,000 3,000,000 254,600 plus 15.3% 2,500,000 3,000,000 3,500,000 331,100 plus 16.7% 3,000,000 3,500,000 and over 414,600 plus 18.4% 3,500,000
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Provided, however, that the tax due under this section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.