Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1909-08-13

~ reHsqtD the administration and en-
...-.ueur lent thereof.
.. -.aar-a OF tie state OF Wisconsin,
t.s- I'd IA senate and Assembly, do
-r IS [elleW5.
....scl /. section i0Sl-5 OF the stat
ID. s,reaGed 10 read Section 10ST--5.
r..-.y such tax shall be and remain
gl TIE property transferred until
aid rae person TO whom che property
s erred and the administrators, ex-
. ..nu trustees OF every estate 50
,.......ired, shall be personally liable for
90 AK until its payment.
The tax shall be paid to the treas
..u-. nj the county in which the county
cI,rr is situated having jurisdiction as
[.ra,u provided; and said treasurer shall
maze duplicate receipts OF such pay
m to the state treasurer, whose
I~rr Il shall be to charge the county
T:eisarer 50 receiving the tax Ak With the
~ sbaII be delivered to the executor, ad-
illustrator, or trustee, whereupon it shall
~ . proper voucher in the settlement of his
But no executor, administrator, or
,rr,stee shall be entitled to a final account
mo Of an estate, in settlement Of which
Tax is due under the provisions or this act,
InIess he shall produce such receipts
-. ' or a certified copy thereof
.r lnIess bond shall have been fled as
described by section 1087--0.
All taxes imposed by this act shall
no li1e and payable at the time of the trans
tsr except as hereinafter provided. Taxes
nm the transfer Of any estate, property,
Gr interest therein, limited, conditioned, de-
Gaaient. or determinable upon the happen
fT1 of any contingency or future event, by
rpSs0n Of which the fair market value
hereof cannot be ascertained at the time OF
transfer as herein provided, shall &C
crTp and become due and payable when the
banpfciarv shall come into actual posses
sion or enjoyment thereof.
section 2. Section 10S7-6 of the stat
,rag IS amended to read Section 1855.
If such tax is paid within one year from
The accruing thereof, a discount OF five per
,.a1fIIm shall be allowed and deducted there
rom If such tax is not paid within eight
cen months from the aecruing thereof, In
ferest shall be charged and collected thereon
sr the rate Of ten per centum per annum
from the time the tax accrued unless by
rpos0D Of claims made upon the estate,
necessary litigation or other unavoidable
rquse OF delay, such tax shall not DE deter
mined and paid as herein provided, in which
case interest at the rate Of six per centum
nqr annum shall be charged upon such tax
from the accrual thereof until the cause OF
such delay is removed, after which ten
Dar centuln shall be charged. In all cases
when a bond shall be given under the proVls-
IONS of section 10S7-9, interest
shall be charged at the rate Of six per
ranturn from the accrual OF the tax, untll
the date Of payment thereof.
Section 3. Section 1851 of the stat
titps is amended to read: Section 10o7-l,
Every executor, administrator, or trustee
sinai. have full power to sell SO mucn OF lhe
10 pay such tax in the same manner as ne
miEat be entitled by law to do for the
payment Of the debts OF the tesfator OF IN
or trustee having in charge or in trust any
legacy or property for distribution, SUBJECT
10 such tax, shall deduct the tax thereIr0m
aud within thirty days tnetefron snall pay
over the same to the county treasurer, as
herein provided. If such legacy or property
he not in money, he shall collect the tax
thereon upon the appraised value thereof,
thereto.
not deliver or be compelled to deliver any
specific legacy or properly SUBJECT 10 tax
under this act, to any person until ne snail
have collected the tax thereon. II any
such legacy shall be charged upon or pay
able out Of real property, the heir or de,
visee shall deduct such tax therefrom ana
paw il to the administrator, executor, or
trustee, and the tax shall remain q lien or
charge on such real property until paid, ana
rhe payment thereof shall be enforced by
the executor, administrator, or trustee IN
rhe same manner that payment of the leg
acy might be enforced, or by the dlstrfct
attorney under section 1QS7-16. II
any such legacy shall be given in money to
any such person for limited period, the
administrator, executor, or trustee shall re.
Jain the tax upon the whole amount, but II
it he not in money, he shall make applIca-
,ion to the court having jurisdiction OF an
accounting by him TO make an a2portlon-
Inent II the case require it, Of the sum TO be
paid into the hands by such legatees, ana
for such further order relative thereto as
Section 1. Section 1888 Of the stat
utes is amended to read: Section 1Oot-o,
!. II any debt shall be proved against tne
estate Of the decedent after the payment
II any legacy or distributive share there
Vt. from which any such tax has been de-
Quoted, or upon which it has been paid by
The person entitled to such legacy or dls,
rributive share and such person is required
ny the order of the county court having
jurisdiction thereof on notice to the
state treasurer to refund the amount or
oh 1,h+ Nv nav
table proportion of the tax shall be repaid
to such person by the executor, ad-
mlniStrator, trustee, or othcer
10 whom said tax has been paid.
,. When any amount OF said TAI snaA
have been paid enormously into the state
treasury, it shall be lawful for the
state treasurer upon reeelylng wing, q iran
ing the facts to refund the amount
Of such erroneous or illegal payment 70
the executor. administrator, trustee,
person, or persons who have paid any sucn
lax in error, from the treasury; or the said
- state treasurer may order, direct, ana
allow the treasurer of any county TO re-
fund the amount of any illegal or efroneq his
hands or custody to the credit or sueh
taxes, and credit him with the same IN ms
quarterly account rendered TO the
state treasurer under this act PROVIDED,
however, that all applications for such re-
funding Of erroneous taxes shall be made
within one year from the payment Thereon,
u NltniR one year atter tue fefc1Sol "a
modification OF the order fixing such tax
Section ). Section 10S7-11 of the stat
uJeS is amended to read: Section 1uSf--11.
/. If 4 foreign executor, administrator, or
trustee shall assign or transfer any stock
or obligations in this state standing IN the
name Of a decedent or n trust for dece-
dent, liable 10 any such tax. the tar snalt
ue paid to the treasurer OK the proper
county or the state treasurer on the
transfer thereof.
:. No safe deposit company, bank, or
other Institution, person, or persons hola-
ing securities or assets of q nonresident de-
Cedent, shall deliver or transfer the same
10 the executors, administrators, or legai
representatives Of said lecedent, or upon
their order or request unless notice OF tue
time and place of such intended transfer
BE served upon the attorney general
At least ten days prior to the said transfer;
nor shall any such safe deposit company,
EanG or other institution, person or persons
deliver or transfer any securities or assets
NJ the estate of 8 non resident decedenl
without retaining n sufficient portion or
aM0UHr thereof 80 pay any tax which may
thereafter be assessed on account Of the
transfer Of such securities or assets unQer
the provisions OF this act unless the
9tNrnRy general or public administrator con-
S7Rts thereto In writing; and 1t shall ne
awful for the attorney general or pubic
administrator personally or by rep
Tesenmttys. TO examine said securities or