New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-11
FOR TAXING DIRECT HEIRS.
MP KEELER'S BILL, COVERING REAL ES-
TATE. REPORTED TO THE ASSEMBLY.
,rs ,,-ruop ESTIMATES THAT 1T WILL
YIELD $1,000 600 YEAR TO THE STATE
TEXT OF THE MEASURE

WELD a. 900 600 A YEAR TO THE STATE
TEXT OF THE MEASURE.
rrov THE REGULAR conREsrVNDgSr or THE TR'nuSEa
Albany. Feb. 1O.--The Committee on Taxation ana
Rctrenchmcnt Of the Assembly made favorable re-
mort to-day upon Mr.. Keeler's bill to tax the direc'
heirs Of all owners Of real estate amounting to more
than 80 900 In value. There Is law on the statute
books pas ed last year. taxing the direct heirs OF per
sonol propcrty Controller Wenpe informed tho Leg
,sIatur, last year that he estimated that, when thls
bill went into effective operation, II would put at ieas'
~ 900 600 yearly into the State Treasury
Mfr. Keller said few days ago that he Thought MS
bill. II It became law, would put Sioooooo yearly
into the ~Tate Treasury. After It should be passed.
,uch vast blocks Of real estate a arc owned py 'o
Asors Goelcs and Rhineianders, in New York. wouia
nav large tax into the state Treasury before PASSING
from their present pOsscssors TO the direct heirs OF
those persons. England obtained s"oooo'ooo ah
nually frcm her probate ard succession t"A' VII
Keclcr said and he could not doubt that PROBATE '
such as he proposed would, at moderate os'''"'''
put $4,000 900 annually into the state Treasury ana
would practically abolish state taxation MT Null
measure may rightly be considered the Leading u,A"
tlon hill before tho Legislature. although oouIy
cnouch II ha, hitherto not attracted the slightest at
tcntion while the Legislature has been de'uged WIN
circular, regarding petty taxation DIS Mr' h''i''
important bill Is gvcn in full below:
Section !. The first section OF chapter io' VI ''
laws Of 1885, a. amended by chapter 7l3 Of the Jaws
Of 1857 and chapter 2l5 OF the laws oil 1871 ~ ''
further amended TO read - follows
.Sectoa l. After the passage Of this act all properly
which shall PASS by will by the ntcstae laws oI '"'
state from any person who may die seized or po'-'"s'
OF the same while resident Of this state; or II the d
cedent was not a resident Of this state at the time oi
death which property or any part Thereon small NC ~
hi. state interest therein or Income ucr'iIon'
which shall be transmitted By deed grant. sale or GIT
,,rl,f ~ tho
barganor or intended take eject In possession or en-
oyment ar such death to any person or persons 'r %
any body polite corporate. IN trust or othe9"lse or
by whereof any person or body polite. cofPo
rate shall become benencidy entitled In possession or
expectancy 10 any property the income Thereof, Other
than for societies corporations and institutions
and now exempt by law from taxation or from collateral
lnhcr,I rN shall b. and i subject to tax OF rat"
hereinafter ~pNicd be paid to the treasurer OF the
proper county, and In the said County OF Newfork To
Controller thereof Tor the use OF the State; and oil
heis lc-ates. dcviscc-. administrators. executors no
trustees shall llabo or any and all such taxes until the
shall have been paid q. hereinafter directed "n'h
the bsncncal Interest personal property or income
hccfrom shall pass FOR the use Of any father mother
husband wife. child. brother sister. wife or widow "
son husband u daughter. or any child or Children
adopted such conformity with tho laws OF tho st'e 81
NcwYork or any person 70 whom the deceased for not
year, prior To death stood In the mutually
acknowledged relation u Iarentso to any neai descend
born lawful wcdlock in such case the rate OF
such iax shall bo dollar every 800 Of c clear
value OF such property and az and after the Same
fao for every less amount provided that an estate which
may b. VALUED less than 80 600 shall not De- suh
cct 70 any such duty but such beneficial interest
Is % or in this State such Interest
shall exempt taxation under this sccOn). In all
other OF shall be i've dollars on each and
200 clear market value u all property and
al and after for les. amount provided.
that an estate be valued les than $500
shall not De subject to any such duty or tax
section . THIS shall take eject Immediately.