The Inheritance Tax Act of 1916 (Public Laws, Chapter 1339, as Amended): Passed by the General Assembly at Its January Session, A.D. 1916. Approved February 22, 1916, May 5, 1920E.L. Freeman Company, 1920 - 26 pages |
From inside the book
Results 1-5 of 7
Page 1
... the full and fair cash value of the entire estate . If said state- ment is not filed as herein provided , no exemption shall be allowed . SEC . 2. ( As amended by Pub . Laws State of Rhode Island and Providence Plantations ...
... the full and fair cash value of the entire estate . If said state- ment is not filed as herein provided , no exemption shall be allowed . SEC . 2. ( As amended by Pub . Laws State of Rhode Island and Providence Plantations ...
Page 3
... ment of the United States . The value of the net estate of a non - resident decedent for the assessment of the tax imposed by Section 1 of this act shall be ascertained by taking the full and fair cash value of the real property located ...
... ment of the United States . The value of the net estate of a non - resident decedent for the assessment of the tax imposed by Section 1 of this act shall be ascertained by taking the full and fair cash value of the real property located ...
Page 6
... ment relates belonged absolutely to the donee of such power and had been bequeathed or devised by such donee by will ; and whenever any person possessing such a power of appointment so derived shall omit or fail to exercise the same ...
... ment relates belonged absolutely to the donee of such power and had been bequeathed or devised by such donee by will ; and whenever any person possessing such a power of appointment so derived shall omit or fail to exercise the same ...
Page 16
... ment of the amount of any taxes imposed by this act as they shall deem to be for the best interests of the state , and the payment of the amount so agreed upon shall be a full satisfaction of such tax . The agreement of the 16 ...
... ment of the amount of any taxes imposed by this act as they shall deem to be for the best interests of the state , and the payment of the amount so agreed upon shall be a full satisfaction of such tax . The agreement of the 16 ...
Page 17
... ment of any estate to retain property or funds for the purpose of paying the claim of any creditor , the amount or validity of which is contested and is not determined , the payment of the whole or a proportionate part of the tax may be ...
... ment of any estate to retain property or funds for the purpose of paying the claim of any creditor , the amount or validity of which is contested and is not determined , the payment of the whole or a proportionate part of the tax may be ...
Other editions - View all
The Inheritance Tax Act of 1916 (Public Laws, Chapter 1339, as Amended ... Rhode Island No preview available - 2018 |
The Inheritance Tax Act of 1916 (Public Laws, Chapter 1339, As Amended ... Rhode Island No preview available - 2015 |
Common terms and phrases
act or resolution adminis administrator or trustee aforesaid allowed amended by Pub amounts in excess appointment appraiser beneficiaries board of tax bond centum per annum certified copy claims collect the tax commissioners a sworn contingency devisee due and payable eight per centum entire estate entitled thereto estate or property estate or separate executor expenses fair cash value fees full and fair further act imposed by Section income therefrom INHERITANCE TAX intangible personal property inventory or statement Laws legacy or property legatee letters testamentary located in Rhode mentioned in Section neglect or refusal net estate non-resident decedent non-resident decedent's estate person or persons possession or enjoyment probate clerk probate court property or interest provisions of Section real estate real property located receive and collect recorder of deeds remain a lien resolution making appropriation Rhode Island sioners tax commis tax commissioners tax imposed therefrom shall pass therein or income tion treasurer
Popular passages
Page 6 - Whenever any person or corporation shall exercise a power of appointment derived from any disposition of property made either before or after the passage of this Act, such appointment, when made, shall be deemed a transfer taxable under the provisions of this Act, in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power, and has been bequeathed or devised by such donee by will...
Page 14 - ... estate or property or interest therein as aforesaid, a return shall be made to the person properly entitled thereto of a proportionate amount of such tax...
Page 21 - ... said appraiser is authorized to issue subpoenas and to compel the attendance of witnesses before him and to take the evidence of such witnesses under oath concerning such property and the value thereof...
Page 14 - ... are 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 act, and such tax so imposed shall be due and payable forthwith by the executors or trustees out of the property transferred...
Page 16 - ... or trustee shall retain the tax upon the whole amount, but if it be not in money, he shall make application...
Page 15 - ... as herein provided. If such legacy or property be not in money, he shall collect the tax thereon upon the appraised value thereof from the person entitled thereto.
Page 15 - Whenever a decedent appoints one or more executors or trustees, and, in lieu of their allowance or commission, makes a bequest or devise of property to them, which would otherwise be liable to said tax, or appoints them his residuary legatees, and said bequests, devises or residuary legacies exceed what would be a reasonable compensation for their services, such excess shall be liable to such tax, and the court having jurisdiction of their accounts, upon its own motion, or on the application of the...
Page 11 - ... by reason of claims made upon the estate, necessary litigation or other unavoidable cause of delay, such tax shall not be determined and paid as herein provided, in which case interest at the rate of six per centum per annum shall be charged upon such tax from the accrual thereof until the cause of such delay is removed, after which ten per centum shall be charged.
Page 6 - ... shall omit or fail to exercise the same within the time provided therefor, in whole or in part. a transfer taxable under the provisions of this act shall be deemed to take place to the extent of such omission or failure...
Page 25 - No final account of an executor, administrator or trustee shall be allowed by the probate court unless such account shows, and the judge of said court finds, that all taxes imposed by the provisions of this act upon any property or interest therein belonging to the estate to be settled by said account and...