Executor - Continued:

liability of, for income tax, 468.
liability of, for inheritance tax, 627,
644.

liability of, for local tax, 246.

liability of, for tax assessed before
appointment, 243.

provisions as to income tax, 475.
return of bank stock held by, 180.
situs of property in hands of, 78.
See also Fiduciary.

Exemptions:

age, infirmity and poverty, 210.
agreement for void, 216.
assignability of, 28.

associations of veterans, 203.
bonds of state, 213.

bonds of United States, 213.

cemeteries, 206.

charitable institutions, 197.
children, 209.

churches, 205.

claim of, strictly construed, 19.
clothing, furniture and tools, 210.
constitutionality of, 194.

constitutionality of, conditional, 94,

99.

contract protected by constitution,
26.

co-operative banks, 214, 521.
credit unions, 207.

forest lands, 214.

fowls, 211.

fraternal benefit societies, 204.

fraternity houses, 196.

from betterment assessments, 675.
from distress, 335.

from income tax, 467.

from inheritance tax, 619.

from street sprinkling assessments,
146.

from taxation, history of, 193.
horses and cattle, young, 211.
horticultural societies, 203.
household furniture, 210.

illegal conduct bars, 194.

intangible property otherwise taxed,
214.

literary and educational institutions,

197.

militia units, 203.

municipal bonds, 213.

municipal corporations, 218.

national bank stock, 513.

not granted by implication, 27.

not violation of rights of town, 18.
pension associations, 204.

Exemptions -- Continued:
personal property in other states,
210.

power of legislature to grant, 91.
presumption against, 194.
property devoted to public use, 217.
property of commonwealth, 196.
property of United States, 196.
property taxed on income, 214.
public service companies, 218.
railroad companies, 218, 740.
reciprocal, of non-resident decedents,
626.

religious organizations, 205.

repeal of, as breach of contract, 26.
reserved right to alter, amend or
repeal, 29.

retirement associations, 204.

savings deposits, 214, 516, 518.
soldiers and sailors, 212.

special statutes and charters, 215.
stock in corporations, 215.
unconstitutional, not a contract, 29.
under colonial laws, 198.
unincorporated associations, 214.
veterans, 212.

water companies, 207.
women, 209.

Expenses and Costs:

of trial on abatement, what con-
stitute, 300.

Export:

defined, 21.

goods prepared for, when taxable, 22.
tax on, forbidden states, 21.

Express Company:

taxable by unit system, 71.
Fair Cash Value:

defined, 267.

of national bank stock, 510.
Faith and Credit:

obligation to give, to acts of other
state, 31.

Farm Products:

marketing, held public use, 106.

Farming Utensils:

exemption of, 210.

Federal Farm Loan Bonds:
not taxable by state, 440.
Federal Income Tax:

construction of, as affecting state
income tax, 434.

return, basis of income tax on cor-
porations, 545.

General Property Tax:
defined, 11.

Gift:

in contemplation of death, liability
to inheritance tax, 623.

taxation of income from sale of, 457.
when subject to inheritance tax, 615.
Good Will:

of corporations, taxation of, 544.

Grand Army Post:

exemption of property of, 203.
not a public use, 108.

Gratuities:

not a public use, 107.

Holding Companies:

liability to income tax, 445.
Homes for Wage Earners:
providing not a public use, 111.
House of Representatives:
tax acts originate in, 101.
Household Furniture:
exemption of, 210.
valuation of, 269.

Horses:

young, exemption of, from taxation,

211.

Horticultural Societies:

exemption of, 203.

Ice Plant:

municipal, held public use, 106.
Immigrants:

tax on, not an inspection fee, 22.
Imports:

can be taxed, by state, when, 21.
defined, 21.

duties on, under province charter,
95.

license fee for selling invalid, 35.
Income:

accruing after death of decedent,

not liable to inheritance tax, 637.
derived from property, what consti-
tutes, 436.

from investments outside the state,
71.

includes gain from sale of capital
assets, 455.

inheritance tax not payable out of,
635.

local tax chargeable to, 236.
net, of corporation, what constitutes,
545.

of corporations, how taxable, 436.
of corporations, rate of tax upon,

548.

of foreign corporations, taxation of,
560.

what constitutes, 434.

Income Tax:

abatement of, by commissioner, 494.
accrual basis authorized, 465.
allowance for dependents, 464.
amendment to constitution author-
ized, 433.

appeal to Board of Appeal, 496.

appeal to superior court, 498.

collection of, 493.

complaint for refusal to abate, form
of, 772.

deduction for income attributable to
capital, 463.

deduction for interest on business
debts, 461.

deduction for loss and destruction of

capital assets, 462.

deduction for loss on bad debts, 462.
deduction for taxes paid, 461.
deduction from business income, 459.
determination of business income,
458.

direct tax or excise, 14, 431.
distribution of capital not subject to,
446.

distribution of proceeds, 172.

dividends on stock in foreign cor-
porations, 441.

effect of partial unconstitutionality,
501.

establishment of partners' exemp-
tions, 478.

estates held in trust, 470.

estates of deceased persons, 468.
exemptions from, 467.

extension of time for filing returns,
486.

fiduciary personally liable for, 494.
fiduciary returns, 482.

gains from sales of intangibles, 455.
information at the source, 489.
intangible personal property, 436.
interest deduction, 447.

interest from bonds, notes and other
debts, 437.

interest on overdue, 494.

interstate commerce, income from
subject to, 46.

inventory, how taken, 466.
limited by federal constitution, 434.
loss of exemption by failure to re-
turn income, 500.

Income Tax - Continued:
mandamus to compel filing of re-
turn, 488.

mortgage interest exempt from, 438.
non-resident individuals, 85.
non-resident trustees, 473.

notice of, 450.

notice of requirements of, 484.
omitted assessment of, 492.
omitted returns, 485.

origin and purpose of, 428.
partnerships, assessment of, 476.
partnerships doing business outside
the state, 479.

partnerships, procedural provisions,
479.

school fund paid from, 664.

securities held in pledge or on mar-
gin, 446.

settlement of taxes on fiduciary, 476.
special, on corporations, 757.
special, on individuals, 758.
statutory remedies exclusive, 499.
stock dividends, 442.

supplementary returns, 485.
territorial jurisdiction, 84.

time as of when liability is fixed,
483.

trust companies, on property held in
trust, 475.

unincorporated associations, 443, 457.
uniformity required, 433.
verification of returns, 486.
Information:

against corporation, 596.
Inhabitant:

defined, 221, 436.