New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-13
TAXATION OF DIRECT HEIRS.
MIR. yEDDER,S IMPORTANT BILL AMENDING
THE COLLATERAL INHERITANCE LAW.

CEPTED-THE MEASURE PASSED THE
SENATE MONTH AGO. BUT
STILL LIES ON THE TABLE.
IBY TELEGRAPH TO THE TKIBUNE.1
Albany, March 12.-perhaps the most important
measure before the Legislature Is Senator Neooer
bill taxing the direct heirs OF any properly Deioe
shall pass into their possession YET important d. o
bill Is, 1t has attracted no public attention. Mr.
vedder introduced t. had II considered by the Com
mittee on Taxation it was debated in the senate ana
was then passed by that body-but the public was
ns tcntve to IT, The day after the bill was passed.
over a month ago, Senator Cantor moved that 'iie
vote by which it passed should be Tcoh'iuoleu'
and that his motion should lie upon the tapic' Inc
motion to table his motion prevailed as he had deseu
The parliamentary effect of this proceeding was 10
noce Senator Vedder's bill on the table, where 1t
has since remained. Ordinarily, soon as Dill
has been passed by the senate 1t Is sent 10 the
Assembly.
senator Cantor's object in having the bill laid upon
the table was 10 secure the exemption from taxation
of beouests to charitable institutions senator
Robertson Joined him In this movement senator
ycdder has accepted Senator Canors amendment, ana
the hill has been modified so that charitable societies
are eyempted from having requests to them taxed
Senator Vedder also has added an amendment OF MS
own exempting estates Of less than $1,000 Vaue
from THIS tax BY another amendment of the BILL
a estate is not taxed before 1t passes to direct
heir
The BILL in It's present shape before the Senate, taxes
the personal property inherited by the direct heirs
where tbc property Is OF more than $1,000 value
Thar Is the gist of the bill The measure is an amend
ment Of the Collateral Inheritance law of which
senator Vedder the author. The bill, which Is
short one amends the Collateral Inheritance Tax la"
Of 1857 by adding the following:
Section l. the passage OF this act all property
hv tho Of
STATE from any person may die seized possessed
Of the while resident Of this state; Or II the
decedent resident OF this state at the time
Of his death which property or any part Thereon snail
be WITHIN this State any interest therein or income
thcreom which shall transferred by decd grant sale
or gift made in contemplation OF the death OF the granto
or bargalnor intended take effect In possession or
enjoyment such death to any person or persons or
to any body potlc or corporate trust otherwise or
by reason whereof any person body polite Or corporate
shall become bcnencay entitled. in possession or ex
pcctancy, any property the income Thereof" sha'
be- and f.. subject TO tax az the rate hereinafter
sporiGed to be paid To the treasurer OF
! the proper county; and in the said county of New
York to the Controller thereof. for the use OF the
state and all heirs. lcgaecs deyioees Administrators ex'
ecuor aud trustees shall be liable for any and oil such
taxes, une,, the same shall have teen pad as hereinafter
| directed
When the beneficial interest to any personal properly
or income therefrom for the societies cor
poations Institutions exempted by la" from TAXA
tOn shall pass FOR the use OF any lsVher mos'r
husband wife child, brother, sister, wife or WIDOW OF
son or the husband ~ daughter or any child or chdreh
adcped as conformity with the laws OF the state
Of New person TO whom the deceased Tor
prior to death stood In the nueaIS
Acknowledged relation of parent or 70 any lnesl de
,cendant In lawful wedock-ln every such case the
rate Of sucn shall be 81 900 OF the cd1i
market Of such property and at and after the SANE
rate Ices amount but II such beneficial inNles
+, TO or In lana read in this state. such Interest
hail he exempt from under this section provided
that an which should BE- valued at sum less than
IS 600 shall BE- subject 20 such duty or tax In all
other u shall BE- s5 on each and every
500 Of the clear market OF all property and at and
after the rate any less amount
Senator Vcdder said tonight: The bill lies upon
the table " the senate with Its amendments, and can
i Nd ..l.f he SON, tp tn mas al AZ q