The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-04-22
FAV0RS A SUCCESSION TAX
BTEE PROVIDING FOR Il REVENUE
IN THIS MINNER REPORTED.


All Estates of Deceased Persons Amounting
to $4,000 and Over Subject to Its Provis-
ions-Property Succeeding to Parents,
Lineal Descendants and Legally Adopted
Children VIII be Taxed 1-s of Per Cent.
The judiciary committee of the gem
eral assembly reported ito the senate,
yesterday morning, succession tax
bill, which provides that the estates of
deceased persons over $4,000 shall be
subject to taxation.
The text of the bill Is as follows:
Section $50 much of the estate of
any deceased person as exceeds five
thousand dollars In value shall be sub
ject to the taxes hereinafter provided.
Section Fin all such estates any
property within the jurisdiction of this
state, and any interest therein, whether
tangible or intangible, and whether be-
longing to parties in this state or not,
which shall pass by will or by the in
heritance laws of this state, to the
parent or parents, husband, wife or
lineal descendants, or legally adopted
child of the deceased person, shall be
liable to tax of one-half of one per
centum of its value for the use of the
state; and so much of such estate or
any interest therein as shall pass to
collateral kindred or to strangers to the
brood or to corporations, voluntary as
sociations or societies, shall be liable to
tax of three per centum of It's value
for the use of the state. And all execu-
tors and administrators shall be liable
for all such taxes with interest thereon
at the rate of nine per centum per an
mum, from the time when said taxes
shall become payable until the same
shall have been paid as hereinafter
directed.
Section 3-The court of probate hav-
ing jurisdiction of the settlement of any
estate, shall within ten days after the
filing of will or the application for let
ter of administration, If in his opinion
| said estate exceeds in value said sum
| of five thousand dollars, send to the
| treasurer Of the state certificate of the
filing Of such win or application, and
shall within ten days after the return
| gnu tRCISpLaIlCG ol Tie lllNSHtOly dIi0
| appraisal of any such estate send Ger
titled copy of said inventory and ap-
praisal to the treasurer of the state,
together with his certificate as to the
| correctness in his opinion of said in
Tentory and appraisal; and If no new
| appraisal is made as hereinafter pro-
| vided, the valuation therein given shall
| be taken as the basis for computing
| said taxes The said court of probate
| shall, on the application of the treas
urer of the state, or any person inter
| ested in the succession thereof, and
within four months after granting ad-
| ministration, appoint three disinterest-
ed persons, who shall view and appraise
such property at its actual value for the
purposes of said tax, and make return
thereof to said court, and on the accept
ance Of said return thereof after pub
lie notice and hearing, the valuation
therein made shall be binding upon the
| persons interested and upon the state.
If any executor or administrator shall
neglect or refuse to return an inventory
and appraisal within the time now re-
CURED by law, unless said time shall
have been extended by said court for
cause, after hearing and such notice as
the court of probate may require, the
said court of probate shall remove said
executor or administrator and appoint
another person administrator with the
will annexed or administrator as the
case may be.
Section ALL taxes imposed by thi:
act shall be paid to the treasurer of the
state by the executor or administrator
within one year after the qualification
of such executor or administrator, ex
cept as hereinafter provided. If for an,
cause found by the said court of pro
bate to be reasonable after hearing ant
notice to the treasurer of the state
the executor or administrato is unabl,
to pay said tax within the time pro
vided, the said court of probate shall
have power in its discretion to exten(
the time for the payment of said taxes
Section 5-Where any estate or an an
nuity Is bequeathed or devised to an,
person for life or any limited period
with remainder over to another 0
others, and all the beneficiaries ar
within the same class, the tax shall b
computed on and paid as aforesaid GU
queathed or devised. Where a life es
tate or annuity is bequeathed or devils
ed to a parent or parents, husband, wifi
of Iineal descendants, and remainde
over to collateral kindred, or to strang
, ers to the blood, then the tax Of one
: half of one per centum shall be paid GU
of the principal sum or estate so be
queathed or devised for life, or consti
, tuting the fund producing said annui
ty, and the remaining two and one-hal
per centum due from collateral kindre
or strangers to the blood shall be pal
out Of the said principal estate at tn
expiration of the particular estate o
annuity And where a life estate or an
!, nuity is bequeathed or devised to col
lateral kindred or strangers to tn
blood, with remainder to parent or pa
rents, husband, wife or lineal descen
dants, or legally adopted child, a ia
| nf tbroa pa0t11p, "a na;5 q