The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1905-12-13

This committee, appointed BY
the last Legislature, was in session
last week in Shelbyville arranging
draft of bill to be presented at the
next session of the Legislature.
We call attention to some recon-
mendations.
THE INHERITANCE TAX.
One of the main features of the
proposed new revenue and taxation
measure will be provision known
as the inheritance tax. A draft cf
bill on this question was sub
mitted to the committee By L. F.
johnson, Representative from
Franklin county, While in many
points the measure as proposed by
Mr.. johnson may be changed, vet
in the main. the members of the
ommittee assert that the recon
mendstions will be incorporated in
the proposed revenue and taxation
bill.
The measure provides for the
levgi1fg Of specific tax of SIS on
every 800 worth of property in
II
herited in the Safe y persona or
corporations further remor1 from
the testator than parent or ohhl
provided the estate is not valued
at sum less than 5000. The pre-
amble of the proposed bill follows !.
After the passage of this act all
property which shall pass by will
or by the inheritance laws of this
State from any person who may
die seized or possessed of the same
while a resident of this State, or
ii said decedent was not resident
Of this State at the time of death,
which property or any part thereof
shall be within this State. or any
interest therein or income there
from which shall be transferred by
deed. grant, sale or gift, made or
intended to take effect IN possess
sion or enjoyment after death of
grantor or bargsiner, to any per-
son or persons, or any body polite
or corporate, in trust or otherwise,
or by reason whereof any person or
body corporate or polite shall be-
come beneficially entitled in pos
session or expectancy to any prop
erty or to the income thereof,
other than to or for the use of his
or her father, mother, husband,
wife, child, brother, sister, the
wife or widow of a son, or the
husband of daughter, or any
child or children adopted as such
in conformity with the laws of the
Commonwealth of Kentucky, or
any person to whom the deceased
for not less than twenty years prior
to his or her death stood in the
mutually acknowledged relation of
a parent, and any lineal descend
ant OF such decsdent born in law
full wedlock, or the societies, cor
porations and institution s now ex-
empted by law from taxation by
reason whereof any such person or
corporation shall become benefi-
cia'ly entitled, in possession or ex-
pcctancJ, to any such property or
to the income thereof, shall be and
is subject to SIS on every hundred
dollars of clear market value of
sucn property, and at and after the
same rate for any less amount, to
be paid to the Sheriff of the proper
county for the use of the State,
and all administrators, executors
and trustees shall be liable for any |
and all such taxes until the same
shall have been paid as hereinafter
Provided that an estal e
which may be valued at less sum
tnan $500 shall not be subject to
such duty or TAX.
Senator Phelps, OF Louisville, of
the Special Legislative Committee,
said he Aad been specially assign
ed TO look after this end of the
proposed revenue and taxation
bill, ana he was of the opinion that
an Inheritance tax law could be