The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-07

An Act to revise and amend IAN act to tax intes-
itates' estates. gifts, isgacies and collateral inner
ftance in certain cases" approved march twenty
third. one thousand eight hundred and ninety
j. Be it enacted by the Senate and General AS
sem bly, OF the state OF New JERSEY, .hat after The
passage OF this act all property which shall pass by
person who may die seized or possessed ef the
same while iS1;a icing aSga 4 he ,es ,sltn,n q qb the s saseo; a and an nll
part of such property. snd any interest therein or
income thsrefs9m, w which sh b al De 'r aasis sfrt See Sy
grant, sale or gift aforesaid. made or intended to
deaf death eo os the n in nSssasssof fes J i e9'e grantor a or bar'
gainor.to any person or persons, or to a pooy
p pospitals Or and co orphan ass slsses'ln e s sfust or
otherwise, or by reason whereof any person or
6 SSisily p entitled d G n possess ioan or oee sapect Sses.
to such proderty. or 20 the income thereof, other
band. VIE, children, brother For ,sistsr,
or lineal descendent born In lawful
husband Of a daughter, shall be subject to a tax
of five dollars on every hundred dollars OF the
81 ele tns n fraasar sai of t6 1s s sase q PfE Sew jersey 20 P for p sae
use OF The state, and all admihistrators, executors
taxes until the same shall have been paid as mere
matter directed provided. thar an estate which
lars shall not be subject T., said duty or tar.
shall begueath or devise, convoy, grant, sell or
give AZ aforesaid any property, or interest, therein,
Or / come therefrom, t, a father, mother, husband
wife, children, brotner or sister. the willow OF a
son. or a lineal descendant. during life or for a
term Of years ana me remainaer TO- = S S4,idtatersa
to q body polite or corporate the pr ,perty SO
passing shall De appasis = lmm 2 aseiy :alsee
may be, at what shall then be tbs fair market
v d and aft.r dedacting therefrom the Value OF
said life estate, or, term CT years, the tax pre-
mediately due and payable to the treasurer OF the
state of New Jersey, and, together with the inter,
property until the same is paid; provided. that the
person OF. persons, or body politie or eorporste
Sips ssia TAX lna Say s eiso 4 not IT. g f pay he s sanSss aatii
they shall come into the actIa f possession or enjoy
person. ptsss q Of suI psrs pa15 s 81 body % sI polite ii OF or s CORP; sasa
Shall give q bond 70 the state OF New Jersey In q
upon personal estate with such sureties as the
chancellor may approve; condttioned ior me pay
tine or period MS they or their representatives may
s cor nr into the s aStSai bona ossse ssali S Ss s nee ln the e.
ofice Of the CLERK h In onansery; ,b proyi r.sad II ra :
OF s Ssi p ioperty to the chancellor Of he state
and file the same in the ofice, OF the clerk in chan
dent, and within that period enter in to such
security and renew the same every nve years.
appoints or names one or more executors or
trustees, and makes a bequest or devise OF prop
ances, which otherwise would be liable to said tax.
or appoints them his residuary iegatees. and said
REQUEST, deyises or .residuary legacies exceed what
would be a re isonabie compensation for their
services, such excsss.shall be liable to said TAX.
and the chancellor or the orpnans' court having
jurisdiction in the: case shall fix such co mpensa'
Iion.
this act. unless otherwise herein provided for.
shall be due and payable at the death OF the sesta !,
the same are paid within one year. interest at the
and collected thereon. but u MT SO paid, interest
az the rate OF ten p8r csntum per annum shall be
charged, and epilected from the time said tax
accrued. providedtnat II said tax Is paid within
shall not be charged or collected thereon, but 4
discount OF five per centum shall be allowed and
deducted from sale tax; and in all cases where tne
executors. administrators or trustees do not pay
suen t TX within one year from tae death of the
the form and to the effect prescribed in section
two OF this act. for the payment of said tax
together with interest,".
6. And be it enacted. That tie penalty Of ten per