The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1896-12-16
NUMBER 46.
AN ACT TO TAX COLLATERAL INFER
TANCES.
Approved November Z. 1896.

AN ACT TO TAN COLLATERAL lNflER- ,
IA-NOh S'
II is hereby enacted by the General As I
sembly of the State of Vermont:
Sec / All property within the iurisdic- D
tion of this state, aud any interest therein,
whether belonging to Inhabitants Of this {
State or not. and whether tangible or in
tangible, which shall pass by Will
1r by the intestate laws of this State,
or by deed, grant sale, or gift made or in
tended to take effect in possession or en-
jlyment after the death of the grantor. to
any person in trust or otherwise, other
than to or for the use Of the father, moth
cr husband wife, lineai descendant, adopt
ell child, the linoal descendant OF any
adopted child, the wife or widow of n son,
or the husband Of the daughter of de-
ctdont, or to or for charitable, educa-
tional or religious soceties or institutions,
the property of which is exempt by law
from taxation, shall he subject to tax OF
five por centum Of its value, for the use of
the State, ana all admins rators executors
and trustees, and any such grantee under a
conveyance made during the grantor's .
life shall be liable for all such taxes, with
lawful interest as hereinafter provided
until the same shall have been PAID as
hereinafter directed provided, however /
that no estate shall be subject 10 the pro-
visions of this act, unless the value Of the
same after payment OF debts and expenses
Of administration, including money paid out
UAilF OTleT OF the IIObdle 11uIl lOi tUt
purchase of burial stones shall exceed the
sum of two thousand dollars.
Sec .. When any person bequeaths or
d svises any property TO or for the use of
father, mother husband, wife, lineal de-
sccndant, an adopted child the lineal de-
saenaant of any adopted child the wife or
widow Of a son or the husband of a daugh-
ter, during life or for term of years, and
the remainder to collateral heir or TO a
stranger to the blood the value Of the prior
estate shall, within three months after tine
date of giving bond by the executor adj
ministrator or trustee, be appraised in the
manner hereinafter provided, ana deducted
from the appraised value Of such property,
and the remainder Shall be subject to tax
Of five per cen4um Of its value.
Sec. 3. Whenever decedent appoints
one or more executors or trustees, and IN
lieu Of their allowance makes beQucst or
devise of property to them which would
otherwise be liable to said tax, or appoints
them his residuary egatees and said be-
quests devises or rasiduarv legacie.s OK
coed what would he a reasonable compcn-
sation for their services. such excess shall
be liable to such tax and the Probate
Court having jurisdiction Of their accounts.
upon the application Of any one interested
or the commissioner of State taxes, shall !
fix such compensa, ion
Sec t. All taxes imposed by this act
shall be payable to the treasurer of the
State by the executors administrators
trustees. grantees or d1nees at the eXpirl-
ton of one year from the date Of the issti-
ing of letters testamentary or Of adminis-
tration. the appointment Of a trustee or
the death of a grantor or donor: provided.
that whenever legacies or distributive
shares are paid within the one wear. the
taxes thereon shall be pavab,e at the time
the same are paid. and further prevailing
that tbe Probate Court may extend the
fir,7e when any take. shall be due a,rd nav
ablc Ivbenever i'm the judgement of snid
Icourt fine circumstances of tbe case may
reouira
Sec ANY administrator evacutor or
|rrustee having in charao or t~ust onv
money or other nronartv subioct 10 said
lay shan do,l,lci tbo tox the~efro,n nv
sb1il Collect ina tax theroor from tho ieea-
10 ~. nersnn entitrc1 ia sat5 roonev or
ctbe,. nronar,tv and he shan not da'i,ar arv
sneciac Iegacv or nronortv snbiact ~ said
,ax "a any, neis.,n irntil he has roliectol the
nv tbere,1
Soc W'horo,o,. o,,,, lo,,ocios s,,,,ieot -
said ts,, ave- cbo,rg,d ,,,,on ~, ,,,,,at'o ~
Of ,n, ro,i a,tste no beir ~, 1s,isao he
- ;',, ~, -, sb.II 5,,+ 80 co.,
,T,lf,, 10 ~ tn t o,,','r
,t,t,,,,ar -, me ana ~, s,r,,, sL,il
- - -, - - -. m