Taxation of Legacies and Successions |
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Page 8
... thousand dollars , at one per cent ; On the excess of its value over twenty - five thousand dollars , and not exceeding fifty thousand dollars , at two per cent ; On the excess of its value over fifty thousand dollars , and not ...
... thousand dollars , at one per cent ; On the excess of its value over twenty - five thousand dollars , and not exceeding fifty thousand dollars , at two per cent ; On the excess of its value over fifty thousand dollars , and not ...
Page 9
... thousand dollars , and not exceeding two hundred and fifty thousand dollars , at eight per cent ; On the excess of its value over two hundred and fifty thousand dollars , and not exceeding one million dollars , at nine per cent ; and On ...
... thousand dollars , and not exceeding two hundred and fifty thousand dollars , at eight per cent ; On the excess of its value over two hundred and fifty thousand dollars , and not exceeding one million dollars , at nine per cent ; and On ...
Page 16
... thousand dollars , which shall be recovered by the tax commissioner for the use of the commonwealth , and the register of probate shall notify the tax commissioner within thirty days after the expiration of said three months of the ...
... thousand dollars , which shall be recovered by the tax commissioner for the use of the commonwealth , and the register of probate shall notify the tax commissioner within thirty days after the expiration of said three months of the ...
Page 29
... thousand dollars , " are not well founded . LATHROP , J. dissenting . The provisions of § 2 of St. 1891 , c . 425 , entitled " An Act imposing a tax on collateral legacies and successions , " to the effect that where property is ...
... thousand dollars , " are not well founded . LATHROP , J. dissenting . The provisions of § 2 of St. 1891 , c . 425 , entitled " An Act imposing a tax on collateral legacies and successions , " to the effect that where property is ...
Page 37
... thousand dollars . " In all , or nearly all , systems of taxation there are some exemptions ; but the objection here is that estates whose value , after payment of all debts , shall not exceed ten thousand dollars are exempt , without ...
... thousand dollars . " In all , or nearly all , systems of taxation there are some exemptions ; but the objection here is that estates whose value , after payment of all debts , shall not exceed ten thousand dollars are exempt , without ...
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Common terms and phrases
acts in amendment administrator or trustee amended by St Amoskeag Manufacturing Company amount ancillary administration annuity appeal applied assessed Assistant Attorney beneficiary bequest bonds Boston Bowdoin College cent certificates charitable collateral inheritance tax collateral legacies Commonwealth contracts death debts deceased decedent declaration of trust decree deed defendant determination domicil effect in possession excise executor exempt from taxation exercise Friebe full court fund Gardiner Investment Company gift grantor held income intestate succession joint tenancy jurisdiction KNOWLTON legacies and successions legatees Legislature liable Mass Minot mortgage nineteen hundred non-resident paid payable payment personal property petition petitioner plaintiff power of appointment Probate Court property passing provisions purpose question real estate resident Robert H RUGG settlor shares of stock Shaw statute succession tax Suffolk take effect tax commissioner tax imposed tax under St taxable tenants testator's testatrix thousand dollars tion transfer Treasurer & Receiver Treasurer and Receiver trust Winthrop York
Popular passages
Page 58 - State, or by deed, grant, sale or gift made or intended to take effect in possession or enjoyment after the death of the grantor...
Page 27 - And while the public charges of government, or any part thereof, shall be assessed on polls and estates, in the manner that has hitherto been practised ; in order that such assessments may be made with equality, there shall be a valuation of estates within the Commonwealth taken anew once in every ten years at the least, and as much oftener as the General Court shall order.
Page 29 - Constitution ; and to impose and levy proportional and reasonable assessments, rates, and taxes, upon all the inhabitants of, and persons resident, and estates lying, within the said Commonwealth ; and also to impose and levy reasonable duties and excises, upon any produce, goods, wares, merchandise, and commodities whatsoever, brought into, produced, manufactured, or being within the same...
Page 75 - ... to, or for, charitable, educational or religious societies or institutions, the property of which is exempt by law from taxation...
Page 106 - ... in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power, and had been bequeathed or devised by the donee by will; and whenever any person possessing such a power of appointment so derived shall omit or fail to exercise the same within the time provided therefor, in whole or in part, a disposition of property taxable under...
Page 10 - 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 had been bequeathed or devised...
Page 97 - ... to or for the use of charitable, educational or religious societies or institutions, the property of which is by law exempt from taxation...
Page 41 - When the property or any beneficial interest therein passes by any such transfer to or for the use of any father, mother, husband, wife, child, brother, sister, wife or widow of a son or the husband of a daughter...
Page 27 - State for the time being, with the advice and consent of the Council, for the public service, in the necessary defence and support of the government of this State, and the protection and preservation of the subjects thereof, according to such acts as are, or shall be, in force within the same.
Page 11 - In all cases where there has been or shall be a devise, descent or bequest to collateral relatives or strangers, liable to the collateral Inheritance tax, to take effect in possession, or come into actual enjoyment after the expiration of one or more life estates, or a period of years...