Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-07-21

of persons whose estate snail he s,1niect :, -
the payment OF any tax imposed by TINS acT
:; whenever a transfer of property is
made upon which there is a.. IN INV soon
l-hgency there may be, tax imposed. such
p Inoa,taty snau be appraised at its clear
nlarAel faiue immediately upon the trans
der or as soon thereafter as nraeticah1a
In; Inc vaiue OF every future or limited estate
Income nna intereSI. or annuity dependent upon
ny me or lives in being shall be de-
termined by the rule, method and standard
% m9rtailty and value employed by the
the Valme ef Or insurance n ascertaining
auAuilies Tor the determination of liahili.
e,es OF lie insurance companies except tnat
1ne Ia,e OF interest for making such COM
pun, s.ai be nye per centum per an
8; In estimating the value of any estate
"a ;a, rnss.est In property to the beneficial en-
Joyment OF possession whereof there are
persons or corporations presently entitled
thereto no allowance shall be made in re-
opec. OF any contingent incumbrance there
~ nor IN respect of any contingency upon
me happening of which the estate or prom
esriy OF some part thereof or interest there
~, ~ might De abridged, defeated or dimin
lsned provided, however, that ia the event
OF such incumbrance taking eject as an ac
a euai burden upon the interest of the bene-
dsfeatt OF an 10 the event of the abridgment
oeteaC, or diminut,on of such estate or prop
erly OF interest therein as aforesaid q re-
urn snail be made to the person properly
efs'ilieq thereto of proportionate amount
u sucn TAX IN respect of the amount or
Faiue OF the Incumbrance when taking effect
or so much as will reduce the sauna 70
s sne amount which would have been as
sesseu Ia respect OF the actual duration or
sxtent or the estate or interest epioyed
ouch return OF tax shall be made In the
manner provided In section 10ST-s
Wnere any property shall after the
passage or this act be transferred subject
" any charge, estate or interest determine
n norio6 ~ tne death of any person or at any
oeath, the increase Of benefit accruing to
a tia person OF corporation upon the exTinc-
az o,on or ueIerm nation OF such charge, estate
- Interesl shaii be deemed transfer of
property taxable under the provisions Of
lnls act IN the same manner as though the
.tsou or corporation bene6eialiy entitled
thereto mad then acquired such increase of
oeheht from the person from whom the title
S 20 tDelr respective estates or interests Is
D When property is transferred in trust
or otherwise and the rights, interests or
estates or the transferees are dependent
~, coat,nsencles or conditions whereby
eehey may pc wholly or Ia part created de-
ieated, extended, or abridged. a lax Shall
De imposed upon such transfer at tho lowest
s satS "nlcn on the happening Of any Of the
possible under the provisions of fhig act
ana such tax so imposed shall be due and
payable forthwith out Of the property trans
ferred provided, however chat on ihe han
penlng OF any contingency or condition
Wnereby the said property or any part
tnereot Is transferred TO person or corpo-
ration, which under the provisions Of this
act Is required TO pay q tax at higher
rare than the tax imposei then sncb
t ira shall pay the difference between
the tax imposed and the tax at the higher
rate. and the amount Of such increased tax
snail be enforced and collected as provided
In this act.
.. Estates in expectancy which are CON
tlhgent or defeasibe and in which proceed
ines FOR determination OF the tax have not
peeh taken OF where the taxation thereof
mas been held in allegiance shall be apprais-
ca at their fun uDdiminiShed clear value
Wien tue persons entitled thereto shall
come INTO the beneficial enjoyment or pos
session thereof without diminution for or
on account of any valuation heretofore
1aue OF the particular estates for purposes
OF taxation upon which said estates in ex-
pectaney may have been limited Where
an estate for life or tor years can be d.
vested by the act or omission of the lega-
zee or deyisee, It shall be taxed as if there
Section g. Section IoS7-14 of the stat
utes is amended to read: Section 1857
II. livery such appraiser shall forthwith
give notice by mail TO all persons known TO
nave claim or interest In the property
to be appraised, including the public ad-
ministrator and to such persons as the
county court may by order direct, of the
time and place when he will appraise such
property de shall, at such time and place,
appraise the same al its fair market value,
as herein prescribed, and for that purpose
the SAID appraiser is authorized to issue
suopoenas and to compel the attendance
OF witnesses before him and to take the evil
dence of such witnesses under oath concern
ing such property and the value thereof:
and he shall make report thereof and OF
such value in writing, to. the said county
court, together with the dispositions of the
witnesses examined, and such other facts In
relation thereto and to the said matter as
the said county court may order or require.
Every appraiser shall be paid on the certi-
hcate of the county court at the rate of
three dollars per day for every day actually
and necessarily employed in such appraisal,
and his actual and necessary travelling
expenses and the fees paid such witnesses,
which fees shall be the same as those now
paid to witnesses subpoenaed to attend In
courts or record, by the county treasurer
out OF any funds he may have in his hands
on account OF any tax Imposed under the
provisions of this act.
Section o. Section 10S7-15 of the stat
utes is amended to read Section 1857
10. /. The report of the special appraiser
shall be made in duplicate, one of which du-
plicates shall be filed in the Office of the
county court and the other in the Office Of
the attorney general Upon fling such
report the county court shall forth.
with give twenty days notice by mail to all
persons known to be interested In the
estate, including the attorney general and
place for the hearing in the matter of such
report, and the county court, from such re-
port and other proofs relating to any such
estate. shall forthwith at the time SO fixed
determine the cash value of such estate and
the amount of tax to which the same is
liable.
2. Or the county court without appoint
ing such . appraiser upon giving twenty
days notice by mail to all persons known to
be interested in the estate, including the
attorney general and public administrator
. of the time and place of hearing, may
at the time so fixed hear evidence and
determine the cash value of such estate and
the amount of tax to which the same is
liable. II the residence or postoffice address
of any person interested In any estate IL un-
known to the executor, administrator, or
trustee notice OF the hearing In the mat
ter of the report of the appraiser or
notice that the county court without ap-
pointing such . . appraiser will determine
the cash value Of an estate, shall be given
to all such persons by publication of such
notice not less than three successive weeks
prior to the time fixed for such hearing
or determination in such newspaper pub
lished within the county as tie court shall
direct.
g. II the county cour1. without appoint
ing such special appraiser decide to hear
evidence as TO the cash value Of the estate
for inheritance tax purposes, the court may,
at the time Of the appointment OF the regu-
lar appraisers of the estate, on its own mo-
ton, designate an additional third appraiser
to represent the county and state, and such
tory and appraisal OF said property with
the other appraisers; or, In case Of failure
to agree, in a separate report, and be en-
titled to compensation Of three dollars per
such appraisal and his mileage, which fees
shall he paid on the certificate of the
county Judge by the county treasurer out of
any of the states inheritance tax funds
he may have In his possession.
f. The commissioner Of insurance shall
on application Of any county court deter
mine the value OF any such future or con-
tingent estates. income. or interests there
in limited, contingent, dependent, or deter
minable upon the life or lives of the person
or persons In being upon the facts contained
in such special appraisers report or upon
finding and determination and certify the
same to the county court, and his certid-
cate shall be presumptive evidence that the
"a ~ko<f tod oTr.