The Transfer Tax Law: Article 10, Chapter 62, Laws of New York 1909 ...Guaranty Trust Company of New York, 1918 - 61 pages |
From inside the book
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Page 18
... liable . Every e tor , administrator or trustee is perso liable for the payment of the tax , and is the same power as is authorized by lay the payment of the debts of a deceden sell so much of the property of the esta may be necessary ...
... liable . Every e tor , administrator or trustee is perso liable for the payment of the tax , and is the same power as is authorized by lay the payment of the debts of a deceden sell so much of the property of the esta may be necessary ...
Page 20
... liable for the amount of the tax u the property transferred and in addit thereto be subject to a penalty of not than five nor more than twenty - five thousa dollars . Foreign executors , administrators and tr tees shall pay the tax ...
... liable for the amount of the tax u the property transferred and in addit thereto be subject to a penalty of not than five nor more than twenty - five thousa dollars . Foreign executors , administrators and tr tees shall pay the tax ...
Page 32
... liable for su tax until its payment . Every executor , admin trator or trustee shall have full power to sell much of the property of the decedent as w enable him to pay such tax in the same mann as he might be entitled by law to do for ...
... liable for su tax until its payment . Every executor , admin trator or trustee shall have full power to sell much of the property of the decedent as w enable him to pay such tax in the same mann as he might be entitled by law to do for ...
Page 35
... of certain corporations to tax . If a foreign executor , administrator or trustee shall assign or transfer any stock or obligations in this state standing in the name of a decedent . in trust for a decedent , liable to any such tax.
... of certain corporations to tax . If a foreign executor , administrator or trustee shall assign or transfer any stock or obligations in this state standing in the name of a decedent . in trust for a decedent , liable to any such tax.
Page 36
... liable to any such tax , tax shall be paid to the state comptroller or t treasurer of the proper county on the trans thereof . No safe deposit company , trust co pany , corporation , bank or other institutio person or persons having in ...
... liable to any such tax , tax shall be paid to the state comptroller or t treasurer of the proper county on the trans thereof . No safe deposit company , trust co pany , corporation , bank or other institutio person or persons having in ...
Common terms and phrases
administrator or trustee amount appointed appraiser is salaried assessed bank bequeathed Chapter citation company or association comptroller or county corporatio county clerk county treasurer death decedent deemed delivery or transfer determination devised donor or vendor enforced entire property erty evidences of interest exceed excess of $500 executor or trustee exempt fiduciary filed five per centum grantor hands on account inheritance tax intangible property interest therein investment joint names jurisdiction legatees letters testamentary Monroe county Nassau county non-resident office of appraiser Oneida county Onondaga county paid payable person or corporation possession or enjoyment proceedings property or interest property transferred purposes Queens county real property refund safe deposit company section two hundred securities shares of stock Suffolk counties surrogate surrogate's tangible property tax imposed Taxable Transfers thereof thousand dollars transfer tax assist transfer tax clerk troller trust company Westcheste county wholly or partly York county
Popular passages
Page 6 - When the transfer is by will or by the intestate laws of this state from any person dying seized or possessed of the property while a resident of the state.
Page 44 - ... dependent upon contingencies or conditions whereby they may be wholly or -in part created, defeated, extended or abridged, a tax shall be imposed upon said transfer at the highest rate which, on the happening of any of the said contingencies or conditions, would be possible under the provisions of this article, and such tax so imposed shall be due and payable forthwith by the executors or trustees out of the property transferred...
Page 43 - In estimating the value of any estate, or interest in property to the beneficial enjoyment or possession whereof there are persons or corporations presently entitled thereto, no allowance shall be made in respect of any contingent incumbrance thereon, nor in respect of any contingency upon the happening of which the estate or property or some part thereof or interest therein, might be abridged, defeated, or diminished...
Page 54 - Each surrogate shall, on January, April, July and October first of each year, make a report, upon the forms furnished by the comptroller containing all the data and matters required to be entered in such book, which shall be immediately forwarded to the state comptroller. The county clerk of each county, except in the counties where the registers perform the duties of the county clerk with respect to the recording of deeds, and when in such counties the registers, shall, at the same times, make reports...
Page 25 - When the transfer is by will or intestate law, of property within the state, and the decedent was a nonresident of the state, at the time of his death.
Page 24 - A tax shall be and is hereby imposed upon the transfer of any property, real or personal, of the value of five hundred dollars or over, or of any interest therein or income therefrom, in trust or otherwise, to persons or corporations not exempt by law from taxation on real or personal property, in the following cases : 1.
Page 34 - If any debts shall be proven against the estate of a decedent after the payment of any legacy or distributive share thereof, from which any such tax has been deducted or upon which it has been paid by the person entitled to such legacy or distributive share, and such person is required by...
Page 61 - Limitation of time. The provisions of the code of civil procedure relative to the limitation of time of enforcing a civil remedy shall not apply to any proceeding or action taken to levy, appraise, assess, determine or enforce the collection of any tax or penalty prescribed by this article, and this section shall be construed as having been in effect as of date of the original enactment of the inheritance tax law...
Page 29 - ... any child to whom such decedent for not less than ten years prior to such transfer stood in the mutually acknowledged relation of a parent; provided, however, such relationship began at or before the child's fifteenth birthday, and was continuous for said ten years thereafter...
Page 31 - All taxes imposed by this article shall be due and payable at the time of the transfer, except as hereinafter provided.