The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes, Embracing All American and Many English Decisions, with Forms for New York State, and an Appendix Giving the Statutes of New York, New Jersey, Pennsylvania, Massachusetts, Maine, Ohio, Connecticut, Maryland, California, IllinoisWest Publishing Company, 1895 - 654 pages |
From inside the book
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Page 36
... deductions for indebted- ness , or not allow them.149 So it has been held in New York that the legislature is not controlled as to the extent of taxation of property with- in the state , and , in imposing a special tax upon all persons ...
... deductions for indebted- ness , or not allow them.149 So it has been held in New York that the legislature is not controlled as to the extent of taxation of property with- in the state , and , in imposing a special tax upon all persons ...
Page 63
... deducting therefrom the value of said life estate , or term of years , " the tax transcribed by the act on the re- mainder shall be due and payable . 64 Id . § 1 . 65 Id . § 2 . ( 91 ) ( p ) Minnesota . 66 By constitutional amendment ...
... deducting therefrom the value of said life estate , or term of years , " the tax transcribed by the act on the re- mainder shall be due and payable . 64 Id . § 1 . 65 Id . § 2 . ( 91 ) ( p ) Minnesota . 66 By constitutional amendment ...
Page 174
... deduction of debts upon appraise- ment . 192 In re Short's Estate , 16 Pa . St. 66 ; In re Del Busto's Estate , 23 Wkly . Notes Cas . 111 ; In re Enston's Will , 113 N. Y. 181 , 21 N. E. 87 . " surplus would exist , and , if so , the ...
... deduction of debts upon appraise- ment . 192 In re Short's Estate , 16 Pa . St. 66 ; In re Del Busto's Estate , 23 Wkly . Notes Cas . 111 ; In re Enston's Will , 113 N. Y. 181 , 21 N. E. 87 . " surplus would exist , and , if so , the ...
Page 175
... deducted at the place of his domicile . Sup- pose a nonresident dies leaving $ 1,000,000 in this state , and is largely indebted at the place of his domicile , what his net estate will be after deducting debts and expenses of admin ...
... deducted at the place of his domicile . Sup- pose a nonresident dies leaving $ 1,000,000 in this state , and is largely indebted at the place of his domicile , what his net estate will be after deducting debts and expenses of admin ...
Page 176
... deducting just debts and liabilities owing either at the domicile or situs , must often depend upon the language of the statute ; and its practical enforcement must , like that of every statute , depend upon the circumstances of 197 97 ...
... deducting just debts and liabilities owing either at the domicile or situs , must often depend upon the language of the statute ; and its practical enforcement must , like that of every statute , depend upon the circumstances of 197 97 ...
Other editions - View all
The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes ... Benjamin Franklin Dos Passos No preview available - 2018 |
The Law of Collateral and Direct Inheritance, Legacy and Succession Taxes ... Benjamin Franklin Dos Passos No preview available - 2015 |
Common terms and phrases
accrues administrator or trustee adopted affirming amended amount annuities Appendix apply appointed appraiser ascer ascertained assessment bequest bonds cent centum Chapter 399 citing clear market value collateral inheritance tax commonwealth Commonwealth's Appeal contingent contingent interests corporations county treasurer debts deceased decedent decedent's death deduct determine devise district attorney dollars domicile duty entitled erty executor exempt foreign grantor held Hoffman's Estate income interest therein intestacy intestate jurisdiction legatee legislature liable lien lineal descendant McPherson Misc N. Y. Daily Reg N. Y. Law N. Y. Supp nonresident Notes Cas paid pay the tax payable payment Pennsylvania personal property Phila possession or enjoyment probate proceeding prop property passing question real estate receipt remainder repealed rule subd succession tax supra surrogate surrogate's court tate Tax'n taxable taxation tenant thereof tion treasurer or comptroller Vanderbilt's Estate Surr vested Wkly York statute
Popular passages
Page 465 - Territory, or any personal property or interest therein, transferred by deed, grant, bargain, sale, or gift, made or intended to take effect in possession or enjoyment after the death of the grantor...
Page 427 - The repeal of a law or any part of it specified in the annexed schedule shall not affect or impair any act done, or right accruing, accrued or acquired, or liability, penalty, forfeiture or punishment incurred prior to May 1, 1891, under or by virtue of any law so repealed, but the same may be asserted, enforced, prosecuted or inflicted, as fully and to the same extent as if such law had not been repealed.
Page 401 - ... he shall not deliver, or be compelled to deliver, any specific legacy or property subject to tax to any person until he shall have collected the tax thereon...
Page 496 - ... shall be fined not less than two hundred and fifty dollars nor more than five hundred dollars and imprisoned not exceeding ninety days; and in addition thereto the county judge shall .dismiss him from such service.
Page 482 - ... to any person or persons. or to any body politic or corporate in trust or otherwise, or by reason whereof any person or body politic or corporate shall become beneficially entitled in possession or expectation to any property or income thereof, shall be, and is subject to a tax at the rate hereinafter specified, to be paid to the treasurer of the proper county, for the use of the State; and all heirs.
Page 484 - All taxes imposed by this act, unless otherwise herein provided for, shall be due and payable at the death of the decedent, and if the same are paid within eighteen months, no interest shall be charged and collected thereon, but if not so paid, interest at the rate of ten per centum per annum shall be charged and collected from the time said tax...
Page 427 - Laws repealed. - Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is repealed.
Page 403 - 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, or in trust for a decedent, liable to any such tax, the tax shall be paid to the state comptroller or the treasurer of the proper county on the transfer thereof.
Page 483 - When any grant, gift, legacy or succession upon which a tax is imposed by section one of this act shall be an estate, income or interest for a term of years, or for life, or determinable upon any future or contingent event, or shall be a remainder, reversion or other expectancy, real or personal, the entire property or fund by which such estate, income or interest is supported, or of which it is a part, shall be appraised immediately after the death of the decedent...
Page 48 - transfer " as used in this act shall be taken to include the passing of property or any interest therein in possession or enjoyment, present or future, by inheritance, descent, devise, bequest, grant, deed, bargain, sale or gift in the manner herein prescribed. The words