Evening journal., 1897-04-01
INHERITANCE TAX BILL.
oberts' Measure Passes the
New York Assembly.
IE VOTE ON IT WAS UNANIMOUS.


l. giII Aaueads The Present sts.ute. Tax I
lug Estates, Increasing tho Fees Erom /
10 to 10 Per Cert--sch,sne Suggested /
by the Csraptroiler.
ALBANY. April l. - Comptroller Rob !
s. graduated inherita nee tax bill. |
|lich was introduced by Asaemblyman !
|idley, has passed the assembly by the |
|markable vote of 13l to 0. some oppo-
ion was shown to tive bill during the
. bate upon it by e. .ssembiymen Nc
Down and Roehr Of hings. They did
t oppose its principle, but rather the
1oposition that the tax collected should
so largely TO the state rather than to
Ie cities or counties in " hich it viii be
sDst largely collected. Comptroller
7,berts estimates that 1t will add year
S4000,000 to the states revenues If 1t
comes a law.
4 srhe bill makes these two changes in
k inheritance law:
Section J. Section 22O Of chapter 90S OF
e laws Of 1896. entitled an act in re-
+ ion 20 taxation. constituting chapter
OF the general laws. Is hereby amend
. by adding at the end thereof new
+ ragraph. to resd as follows:
Where personal estate is subject to a
<ansfer tax OF per cent. and the
lue of such estate exceeds 100000. an
ditional tax shall be imposed on the
f tire personal estate so taxable at the
cumulating rate of ! per cent for
ch additional $3.50 900 or ulajor frac-
\ IN thereof except that II the entire
tate exceeds $1,000, 600 it shall only be
Ibject to taxation at the aggregate
te Of Is per cent"
fSec. :. Section 22l Of such act is hereby
Blended by adding at the end thereof a
& W paragraph. to read as follows:
4 Where personal estate is subj ect TO a
|ansfer tax of i per cen1, as prescribed
this section. and the value of such
tate exceeds 81 ,O00, 900, an additional
* shall be imposed on the en- tire per-
nal estate so taxable at the accumu-
3ting rate Of one-half Of ] per cent for
ch additional S25000O or ms .jor frac-
Dn thereof up to 81 500, 900. and ! per
Int on the entire personal estate for
ch additional S25oOOO or major frac-
ln thereof above S250O,O00. except thar
the entire estate exceed SLOOO.OO il
all only be subject to taxa Ion under
is section at the aggregate rate of 10
n cent"
Debate on the 7Ieasm
Mr.. Dudley. the introdurer of the
IN. explained the measure in detail
aiding an array of figure to show
hat a small proportion OF the personal
operty Of the state is really taxed.
Mr.. Hill OF Erie, reviewed the history
aa
= It that only about u per cent of the
,rsonal property of the state is taxed
e declared that the poor man pays the
:. .ln amount for " hich he Is assessed
hile in many cases a capitalist, hav
much of his wealth under cover
Des not pay the personal property tai
a large amount of his property HI
id that there was but one opportuni
for the state to equalize the taxa
{ on of its people. and that was in tn
.ttlement of large estates after tn
cath of the testator.
Mr.. Nixon, the leader of the majority
| Hated several instances in which th
imptroller, after costly legislation, haI
nearthed cases where the persona
-operty tax had never been paid, anl
Il atcd that this bill. IL enacted. wuul'
iable the state to collect sums due i
q personal property, the existence o
hich is often never known until tn
me comes for the settlement Of tn
state by the courts.
This bill will mean that large es
ltes will pay from 10 to Is per cent. I
estate is worth. say, S6O,oOOO00. tn
ate win come into at least S6,O0oOO
the owners death.
It is believed that the measure Wi
ass the senate and receive the govern
RS approval.