Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-04-17
STATE HOUSE.
inheritance Tax and What It
Brings to State.
Augusta Files Application for Stipend
to Aid in Road improvement.
ena'rman Cartoons Lucky Mules
Shoe in Winthrop Office.

III 1888 ana In 1901 the law
was amended in some important uar-
ticulafs. For instance the last legisla-
lure increased the rate of taxation
from two and one-half to four per
cent. An examination of the State
.reasuferS reports from 1893 to 1901.
inclusive, reveals the fact that during
those nine years the State has received
the sum of $223,746.J1 from the taxa
tloh OF lnheritances. The receipts each
year follows: 1893, $1,023.36; 1894,
Sl2'o51.59; 1895, $42,2S475: 1896, $23,-
n.53; 1897, $2S,GS4.24; 1898, $23,3473 80;
1893, s36,266.46; 1900, $17,9GO.18; 1901,
$3S,951.41.
IL Will be seen that the largest
amount was received in 1895. In 1901
the rate of taxation was one and one
nall per cent. greater than in 1895, and
yet the total receipts was $3,35;3.34 less
than in the former year. This is ex-
planned by the fact that in 1895 the es-
tates We're more valuable than were
those settled in 1901.
The law governing the taxation of
collateral inheritances contains the
following provisions:
All tangible or intangible pronerty.
within the state or any interest therein.
which shall pass by will, grant, or
otherwise to any person for enjoyment
after death of grantor in trust or
otherwise. other than to or for the use
OF the father, mother, husband, WIFE
llneal descendant adopted child, the
llneal descendant or any adopted child
the wife or widow of "A son. or the hus-
band of the daughter of Il descendant.
or any educational. charitable or
benevolent institution in this state.
shall be liable to q tax of four per cent.
of its value, above $500.
When any person shall bequeath
property to or for the use Of the father,
mother, husband wife, lineal de-
scendant, an adopted child. the wife or
widow of a son, or the husband of a
daughter, during life, or for a term Of
years, and the remainder to a collateral
HERR or to q stranger to the blood,
other than an educational. charitable
or benevolent institution in this state
the value of the prior estate, together
with $500 shall within three months
after appointment. of an executor be
deducted and the tax on the remainder
shall be payable within one year from
the death of the testator.
when a decedent appoints exc
cutors or trustees and in lieu of allow
ance makes a beQueSt or devise of
property to them which otherwise
would be liable to said tax, or'appoints
them residuary legacies, and said be-
quests, devises, or resduary legacies,
exceed what would be reasonable COM
pensation for the services, the judge of
probate shall determine the amount for
services, and the excess shall be liable
to such tax.
All taxes when determined, shall be
payable within 80 days and if not then
naid interest at the rate of nine per
cent shall be charged and collected.
ANY administrator, executor or
trustee, shall deduct therefrom or COL
lect such tax from legatee or person
entitled to said property. and he shall
not deliver any property until the tax
has been collected.
''AH such taxes payable upon real es-
tate shall be a charge upon said real
estate until it is paid.
IF any such legacy be given in
money for a limited period such adj
ministrator, executor or trustee shall
retain the tax on the whole amount.
All administrators, executors and
as will be sufficient to pay such tax.
The register of judge of probate
shall file with the state assessors
copv of the inventory of any estate
liable to such tax.
when real estate shall pass so as
IN become subject to such tax the ex-
ecutors, administrators or trustees snail
| inform the state assessors within SIX
| months: if not known within that time
then within 80 days after it is known.
! when any property snail De re-
| funded by legatees on which tax mas
been paid or it has been judiclaily de-
termined that the whole or any part
ought not to be paid, said tax, or the
due proportional part of said tax snaii
he paid back by the administrator, ex-
ecutor or trustee.
! ..,The value of such property as may
he subjected to said tax shall be IT'S ac-
tuaI market value as found ny the
nudge of probate. In the case Oh an
annuity or life estate shall De ueter-
mined by the actuaries compineu en-
ner;ence tables and five per cent. colii-
Mound interest. ..,;.
"The court of probate having Juris.
ldict;on of the estate of the descehoaht
i shall hear and determine all ques''on'
relating to said tax. ,n,
mo final settlement of an account
81 .nv administrator, executor OF trus-
| 80, CON he made until all such Tees 'i
paid. 800, TOW renders an
dn,,nistrator. executor or trustee
liable, and suit may be brought OH Ills
bond" .o !,
The United states imposes a .aA -,
ddition to this tax on an 49,,
auonertv in excess of slo.oeo' anu s .me
M ,,ar;es from IS cents for each sio'
~ 70 e for each and every s,o.: or W ono
nc nroperty does not exceed s-''0Vo,
when the amount OF props aas s,oo .
Gods sos. 900 and does not eSeeeI ~ si one
Gee ~ rate shall be multiplied py one
wv IVA o., nne-half. When the amount a .-e eS-
aaeds 500. 900 and does not enessu SoV h.
900 the rate shall be mul.,p s5oo'.
WV wo Where the amount ex zee cno S't tns
om o -, does not exceed slooo,OoV ' ns
Wv u,c a' shall be multiplied by Two oa ans
rate si,,." where the amount exceeds
:. eoa ns d ,n mn rate shall be multiplied BY
three. .;no To husband OF