The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-05-20
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IMPORTANT T. ONES MADE RyS.TAs
LAST 8LEeisLAURE-lN EE. &
Feet MAY.i22

CHARLESTON, May 9a.-lnportaut
changes were made by the last lesis.
lature IN the inheritance tax laws.
notices of which have been sent to the
county clerks by the tax commission.
er. The new laws 60 into effect on
May % and the county clerks are IL.
structed as to their duties thereun.
der. %5H44Ge
The collateral inheritance tax law
was enacted some years ago and the
last legislature imposed a tax * one
per ccntum an all legacles Of s2O,.
geo or more passing to iineal desceud
ants. Another law was passed re-.
tpuiring that the personal representa-,
lives Of every deceased person to
file an affidavit showing the names Of
the distributes Of any estate. their
postoiIlce addresses and relationship
10 the deceased. lbs
The law also provides that apprais.
ers shall be appointed 10 appralse e..
cry estate, real and personal. which
Is subject to The. payment OF aa IT.
herl,ance tax.
Last year about $4,000 was col.
lected In collateral inheritance taxes
and It Is expected that this amount
Will be exceeded this year as one OF
the clerks In the tax commissioner
Office will devote his entire time to
inheritance. A few days ago a
check for sl,lo9.s5 was received In
payment OF the collateral Inheritance
tax on the estate Of the late Eliza.
beth G. D. Haas, Of Wheeling.
The following letter OF the tax
commissioner to the county clerks
explains the workings Of the inherit.
ance tax laws:
To the County Clerk:
Dear Sir:--Inclosed herewith Is a
copy Of the Inheritance tax laws OF
West Virginia as amended and re.
enacted by the legislature OF 1907,
and Under separate cover Is a supply
Of blanks upon which to report es.
tates subject to an inheritance ta&
! desire 10 call your attention par.
tienlarly TO section two OF the Law.
In addition to imposing a tax On
property passing TO the collateral
kindred OF any deceased person, this
section imposes a tax Of the per
centum on the market value Of prop.
erty transferred 10 or for the use OF
The father, mother, husband, wife,
lehild, or lineal descendant OF tile
person from whom the property Is
transferred, in excess Of $4,000 to
each. For example, n person be.
queaths TO each Of five children $780,.
900, there would first be subtracted
from each $4,000 bequest the ex.
emptlon Of $4,000 as provided by
section two, and the remainder OF
100000 to each child would be sub.
ject TO a tax Of one per cenium.
In addition to reporting estates
passing to the collateral kindred Of
any deceased person as provided By
section y of the inheritance tax
laws. 1t will be your duty, after May
-. 1907, to report quarterly as pro.
'ided by this section all estates pass.
Ing to the father, mother, husband,
Wife, child or lineal descendant Of
the person making the transfer. pro.
rided any such person receive to ex.
coed $4,000. Your next quarterly
report will be for the quarter ending
June so. 1907.
Through the vigilance and hearty
cooperation the clerks Of the State
have given us In the enforcement Of
the Inheritance tax laws, the States
revenues from this source is rapidly
increasing.
Very truly yours,
ALBERT B. WHITE,
Etatn Tow ran,,,irc,an..