Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-12-26
SENATOR HILLS TAX.
HIS slll lswss a Federal DUTY ON
All COLLATERAL INHERITANCE.
u.r. Arc Its chief Parts and Some Conn
mcnss-Jt May Be Proved
Unconstitutional.


sor the imposition OF collateral inheri-
tance, legacy or succcssion-tax and
win. in all probability, be submitted to
congress this week. says the New YORK
wtrfd
70. months Senator I'M has devoted
much OF his time 10 n careful considefa-
ton OF the Federai.tax problem. ana ne
believes that his bill will NEE, with gene
raj approval He Is opposed to the I'M
posItinn OF an income-tax. but ne ~
resolute in ,he belief that much benefit
viii accrue 10 the government by inc
enactment OF n collateral entertainments
law.
lie has been largely aided IN his ehortS
by BENJAMIN r. Dos Passos, or TINS city,
Who has given great attention 10 pro-
found study OF the question OF taSa''oh'
WHAT THE BILL PROVIDES.
BREEZY the hin provides for the taxa
tion OF property only AZ the .iIne % i.s
Transmission ~ will or inheritance rom
one holder 10 another. cXempting estates
O, $500 or less in fair market value. IN
tine event OF he property passing directly
from parent 20 child Il exempts 'ht
realty. and taxes the personally oilN
per cent. Whtre 1t passes 10 coilA.eIal
relations or 20 strangers or corpoIa.o.ss
O
per cent. ,.-.....a,,
section Of the bin is a most important
ooc inssmuch as II offers pecuniaiy m
duccmcnt for the prompt payment OF 'ne
collateral inherltance-ta&. penaity -
uroyiled for IN the event OF TeluSai VI
neglect to pay the tax, and tor ire ueiN-
GRANGE Of false schedules, statements Vi
names. and provision Is also maj ~
d. commencement OF appropriate pro-
cocdincs IN the name OF the United states
ard for the appointment Of appraisers
,.heneVer the collector Is satisfied thd'
the law has not been obeYeo' 49,. ,,
other provisions are made TOT 'he beh-
cral enforcement OF the law Tor the pay
-, ~ eppraisers for the presentation
on demand 0y the collector OF az 70 al
ell and papors. and for the sale OF al
r,,',ertv or portions thereof after a iudg-
mont has been entered.
HERE is THE GIST OF 1T.
nh. leading portions OF Mr.. Hills bill
are as follows:
AK ACT TO IMPOSE 4 COLLATERAL
INHERITANCE, LEGACY. OK sOC-
CESSiON TAX.
10 4, onsc,cd by the Senate and House of
Rcpresentativcs Of the URited States OF
America in Congress assembled
Section 1. After the passage OF this act
all property. real and personal, whatso-
over which shall pass by will or by the
interstate laws Of any State or Territory
from any person who shall die seized or
possessed OF the same. or any interest
therelD or interest therefrom which shalI
be transferred b. deed, grant, bargain
sale or gift made or Intended To TAKE ehect
tn possession or enjoyment after the death
OF the grnnter or bargainer, To any person
or persons. or TO any body. polite or cor
porste. In trust or otherwise, or by reason
whereof any person or body polite or cor
porate shall become benefcially enutled
In possession or expectancy to any prop
erty. OF 10 the income thereof (where the
whole OF such property shall exceed the
sum of 5000 IN fair market vaiue), shai
be and Is hereby subject TO tax or uuty'
To be paid 70 the United States, as fol-
lows. that is to say:
WHERE REALTY Is EXEMPT.
1. Where the person or persons en- |
titled 10 any personal property, income
or beneficial interest therein shall be the
lineai issue or lineal ancestor TO the per |
son who died seized or possessed oil sucn
property. as aforesaid, at the rate OF
one dollar for each and every one hun |
drc1 dollars Of the clear market value
of such personal property or interest |
therein. provided. that real estate passing |
TO the persons referred 10 In this subdi- |
vision shall be exempt from taxation |
under this act
Where the person or persons en- |
titled TO any property, real or personal. or |
10 any beneficial interest therein shail
he the brother or sister of the person who
died seized or possessed. as aforesaid. or
n descendent Of such brother or sister. AT
the rate OF s. for every 500 of the clear
market value of such property or inter-
est
WHERE CORPORATIONS TAKE.
Where the person or persons fen- |
titled 10 any real or personal property or !
TO any beneficial inteest therein snail be |
brother or sister OF the father or mother.
an a descendant of a brother or sister OF
the father or mother of the person VINO
died seized or possessed, as AFORESAID, at
the rate Of 81 for each and every 500 OF
the clear market-value Of such properly
or interest -
4. Where the person or persons
entitled TO any real or personal property
or 10 any beneficial interest therein shaii
be a brother or sister of the grandfather
or grandmother, or u Descendant OF Il
brother OF sister OF the grandmother
or grandfather of the person died seized
or possessed, as aforesaid, at the rate
OF five dollars for each and every hnnurea
dollars Of the clear market Value oi such
property or interest.
0. Where the person or persons en-
titled 70 any property, real or personal,
or 20 any beneficial interest therein, shaii
la In any other degree or coilatethi
consangulnlty than is hereinbefore stated
or shall be a stranger In blood 10 the per-
ron who died seized or possessed ~
aseresaid. or shall be body polite or cor
porate at tho rate OF ten uoliars io'
each and every hundred dollars OF the
Of G4Ph
interest.
Provided. that ell property. real or
nersonal. OF any interest therein, passing
by will or by the laws OF any state OF
Territory, or by deed, grant, Dargain
and sale, or other conveyance 10 nus
band or wife of the person VINO uieu
seized or possessed, az aforesalu' shaii
be exempt from tax or duty, unless sucn
interest shall exceed the clear Market
value Of $4,000 In which case the excess
only over and above that sum snail De
liable 10 taxation at the rate OF one DOL
lar for each and every hundred dollars OF
clear market value Of such excess
ADOPTED CHILDREN INCLUDED.
Provided further that any personal
property or legacy or interest therein
passing. as aforesaid. to a minor chhu
Of the person who died possessed as
aforesaid, shall be exempt from taxation
under this section. unless such property
or legacy or interest therein shall ex-
coed the sum OF $1,000. in which case the
excess only above that sum shall be lia-
BILE to such taxation at the rate OF one
dollar for each and every hundred dol
lars OF the clear market value OF such
excess. The word "child" or children
shall also include child or children
adopted az such by the person who died
seized or possessed. under and pursuant
60 the laws OF any State or Territory.
and the words person or persons
In this act shall also include any body
polite or corporate organized under the
laws OF the United States or under the
laws OF any State, Territory, or foreign
htatc or power