The daily journal. (Salem, Or.) 1899-1903, 1903-02-05

TAX
TO GO
Measure Started on
Journey
Provides That Requests over
Certain Sum Must Pay


Booth, has decided to push the Eddy
bill to tax corporations, when organ.
lied, and also impose an annual tax,
and the inheritance tax bill, intro
duced by Malarkey, Of Multnomah
The Inheritance was first made prom.
inent in The Christmas Journal by f.
T. Wrightman of this city, and has
become part of the legal taxing ma
chinery of nearly every state. 1t is
estimated that the two bills, when In
full operation, will produce $250,000
per annum revenue, and will to that
extent relieve the land tax.
The Inheritance Bill.
! Most important of all the bills
passed by the mouse was the measure
commonly known as the inheritance
tax law. There was no opposition to
II that was manifested, and II the bill
is passed by the senate and signed by
the governor, It will mean that the
state will be the gamer 10 the tune
OF thousands OF dollars.
Briefly, the bin provides that ALL es-
tates worth over $4,000 shall be
taxed, where bequests are made, and
that the tax will be lighter In cases
OF bequests to sons or daughters than
to other relatives. The percentage
Of the tax increases in a correspond.
ing ratio to the amount OF the be-
quest to any one person, the limit be.
ing per cent, which is to be charged
for any sum over $4,000 While the
provisions OF the bill have been re-
ferred to a number of times, now that
Il has been accepted by the house, It |
is as well TO give the section which !
provides for the rate of the tax. This
Is as follows:
When such inheritance, devise be. |
quest legacy. gift or beneficial inter
est to any property or income there
from shall pass to or from the use or
benefit OF any father mother. hus.
band, wife, child, brother, sister. wife
or widow Of a son, or the husband of
a daughter, or any child or children
adopted as such in conformity with i
the laws of the state OF Oregon. or to
any person whom the decedent for not 4
less than 10 years prior to death stood
In the acknowledged relation of a pa.
rent or TO any lineal descendant
born In lawful wedlock, In every such
case the tax shall be at the rate of one
upon the appraised value
thereof received by each person; pro
vided, that any estate which may be
valued at a less sum than $4,000 shall
not be subject TO any such duty or
tax, and the tax is 10 be levied In
above cases only upon the excess of
$4,000 received by each person. When
such inheritance, devise, bequest leg.
lcN gift or the beneficial interests 10
my property or income therefrom
shall pass to or for the use or benefit !
u any uncle, aunt, niece, nephew or I
my lineal descendant of the same. in 1
very such case the tax shall be at the
ate OF two percentum upon the an.
'raised value thereof received by each
'erson on the excess OF $4,000 so re.
eiyed by each person. In all other I
asses, the tax shall be at the rate of
hree per centum upon the appraised q
alue thereof received by each per.
on, body polite or corporate. on all c
mounts over $500 and not exceeding
10000; four percentum on ali
mounts over $4,000 and not exceed.
lg $4,000; five percentum on all
mounts over $4,000 and not exceed.
ig $4,000; six percentum ON all
mounts over 10000.
The gentlemen OF the house will
ot discuss any more important meas. L
re Than this one" declared Mr.. Ma.
rkey' In opening the debate. which
OK place In the committee of the a
hole, and over which Eddy OF Tiua. 81
ook' presided Inheritance tax a
"S have been and are in operation Ia
great many states Of the Union ST
ld nave given complete satisfaction
me past real estate has been pl
'liged to bear the expenses OF the m
''eFnment and now it is proposed m
make inheritance bear a portion Of el
10 burden. The bill was carefully
epaFed' and / hope that It win not IL
'ampered with. There has been 81
.e amendment which exempts all
a'''aole Institutions from the pro "
'lons OF the tax, II the charitable
~ uuons are now exempt from
me committee then went over the - -
H. which is OF some length. in order ~ ~
'' proper provisions may be made "'
The collection Of this tax. While - y
ne vas little debate as TO its vari. ~
) Provisions A fook ec,,,. g.