Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-07-08

1Os7-1S TO amend sections 1051-d95'
lOS7-ZO. IUST-2I, 1OS7-22, JOSl-Z0,
lO8T-24 and 3S18 relating TO the IN
heritance tax laws and especiaiIg win
referenceto the administration anu eH-
The 1ao1Is Of the state Of Wisconsin,
represented In Senate and Assembly, 90
enact as follows: A.. z...
Section l SECTION 1875 OF the stat
utes ls amended to read Section lOo'-o
]. Every such tax shall be ana remain
lien upon the property transferred Until
Ia trgnsferred and the administrators, ex-
ecutors, end trustees OF every estate 50
trnnsfcr red shall be personally liable for
such tax until its payment
2 The tax shall be paid 10 the treas
,,rnr of thc county in which the county
court Il situated having Jurisdiction as
herelp provided and said treasurer shall
~, e. JtDrIlcatp receipts Of such pay
menf one of which he shall Immediately
send to the state treasurer, whose
duty II shall be TO charge the county
treasurer 50 receiving the tax with the
amount thereof, and the other re
celyt shall be delivered to the executor, ad-
ruinlgtratOr, or trustee, Whereupon 1t shall
De a proper voucher in the settlement Of h!a
2. But no executor, administrator, or
trustee shall be entitled 10 final account
ing Of an estate, In settlement Of which 8
tax Is due under the provisions Of this act,
unless he shall produce . sucn receipts
or a certified copy thereof
or nnlcss a bond shall have been hled as
prescribed by section 1873.
4. All taxes imposed by this act shall
be due and payable at the time OF the trans
fer, except as hereinafter provided. Taxes
upon the transfer OF any estate, property
or intereat therein, lin ted, conditioned, de-
pendent or determlnabte upon the happen-
Ing VI any contingency or future event. "
reason Of which the fair market value
thereof cannot be ascerLained at the time OF
transfer, rs herein provided, shall &C
Crue aud become due and payable when the
beneficiary shall come into actual possss-
sion or enjoyment thereof
Section z Section 1OS7-6 II the staI-
utes is amended to read Section 1890
If such tax Is paid within one year from
the GCcruiug thereof, discount OF I'VE per
cantun shall he allowed and deducted tnere-
from. If such tax Is not paid WITHIN e!gnt-
cen months from the aCCrulng Thereon, III
tcrest shall be charged and collected thereon
at the rate Of ten per centdm per an, annI ,.-
from the time the tax accrued unless by
reason Of claims made uDCn the estate,
necessary litigation or other unavoidable
Gauge Of delay such tax shall not pc ueLeT
mined and paid as herein provided, In Wllch
case Interest at the rate OF SIX per centrum
per aunum shall be charged upon such TAX
from the accTuai thereof until the cause OF
such delay is removed, after Whlch ten
per contur0 shall be charged. In all cases
when bond shall be given under the progis-
ions OF section 1OS7-9 interest
shall be charged at the rate Of ak per
centum from the accrual Of the tax, until
the date Of payment thereof
Section g. Section 1O87-T Of the stat
utrg Is amended to read: Section lust
shall have full power to sell so much OF the
prcyertY Of the deccdeut az will enable MIN
70 pay such tax in the same manner as ne
might he entitled by law to do Tor the
NJ rrcut Of the debts of the tc5tatOr Of In
irstatr ANY such administrator, executor,
or trustee having In charge or IN trust any
legacy or property for distribution, subject
to such tax shall deduct the tax there1rom
and Within thirty days therefrom shall pay
over the same to the county treasurer as
herein provided. If such legacy or property
I'D
thereon upon the appraised value theTeoLy
from The person entitled thereto. he snail
not deliver or De compelled = denver any
specific legacy or property subject 10 TAX
under this act, to any person until ne snail
have collected the tax thereon. III any
such legacy shall be charged upon or pay
able out Of real property, the heir or lie
ylSoe shall deduct such tax theTeTFoIu ana
pay It to the administrator, executor, or
trustee. and the tax shall remain lien or
charge on such real property until pald, ana
the pI rnrut thereof shall be enforced ny
the executor, administrator, or trustee IN
the same manner that payment OF the leg
coy might be enforced, or by the district
attorney under section 1CSI-lb. II
my such legacy shall be given IN money 10
any such person for Limited period the
administration, executor, or trustee snail re
tain the tax upon the whole amount, but II
IL De not IN money, he shall make applica-
tIOu to the court having Jurisdiction or an
accounting ny him to make an appOfLloh-
meut n the case require il, Of the sum TO be
paid into the hands by such legatees, ana
for such further order relative thereto az
section a. Section 1878 Of the stat
Ites is amended to read Section lOSi-o.
I. II any debt shall be proved against tn
estate Of the deCedent after the payment
OF any Legacy or distrlbutive snare there
Of. from which any such tax has been ae-
Quoted. or upon which 1t has been PAID by
Inc person entitled to such legacy or as
fributIYe share and such person is required
bv the order Of the county court having
Jurisdiction thereof on notice to the
IN FEf
such debts or any part thereof, an equl-
table proportion Of the tax shall be repaid
~ such person ~ the executor, ad-
administrations trustee, officer
TO whom said tax has been paid,
O. When any amount OF said tax shall
have been paid enormously into the state
trca sury, It shall be lawful for the
state treasurer upon receiving iran
script from the county court record show
ing the facts to refund the amount
OF such erroneous or Illegal payment 10
the executor administrator, trustee
person. OF persons who have paid any sUch
lax In error, from the treasury or the said
&" state treasurer may order, direct, ana
allow the treasurer or any county 10 re
fund the smouDt Of any Illegal or erroneous
payment Of such tax out OF the FUNDS In ms
hands or custody 10 the credit of such
taxes, aud credit hin with the same in his
quarterly account rendered to the
state treasurer under this act. Provided,
however, that all applications Tor such re
funding Of erroneous taxes shall De mace
within one year from the payment thereon,
or Within one year afteC the reversal or
modification Of the order nIing such tax.
Section .. Section 10S7-11 OF the stat
utes ia amended to read Section 1OS7-ll.
]. II q foreign executor administrator, or
trustee shall assign OF transfer any ECocA
or ObIig0 tioDs IN this state CtandlDg IN the
name OF q deCedent or IA trust for dece-
dent liable to any such tax, the tax shall
be paid to the treasurer Of the proper
county or the state treasurer on inc
transfer thereof.
> No safe deposit company, bank, or
other institution, person, or persona hold
ting securities or assets OF a Nonresident de-
.Cedeut. shall deliver or tranBYsr the same
to the executors, adm illustrators, or legal
representatives OF eaid ueCedCnt, or upon
their order or request unless notice of the
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
deliver or transfer any securities OF assets
Of the estate Of q Bon-reslosut decedenr
amount thereof 10 pay any Tax which may
thereafter be assessed on account on the
Srensfar OF such securities or assets under
Sne provisions Of this set unless the
SFfoFusy general on public e41rnlnigtratoT con-
seuts thereto in writing; and Il shall be
lawful for the attorney general o PUBIC
administrator personally or BY rep
resentRt}ve. 20 examine said securities or
assets at the time Of guGA delivery er trSSns-
fsr. Failure 10 SERVE sucs Eonce or 70 al
low SUCH examination or 20 retain Sur2-
az herein provided, snall render said sats
deposit company, trust company, bank or
other institution, person or pcrsorE- uSe4e
TO the payment Of the tax due upon said
securities or aszets in pursuESee Of the pro
visions Of this act.
Section &. Section lOsT-12 of the stat
utes is amended TO read Section 1097-1f
/. The county court Of every county OF the
state having jurisdiction 20 grant letters
testamentary or OF administration upon the
estate Of a decedent whoss property Is
CharSeaole with any tax under this act,
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