Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1909-06-15
WILL BECOME Law
Cove, nor Deneen Signs Bill
Providing for Inheritance
Tax.
SHOULD YIELD $500, 900
Ali the Old Exemptions Are Retained
in the Measure-More Pay for <.
County superintendent.

Springfield, H., June J5.-Senator
Gardeners inheritance tax bill, which
is expected to bring the state of Hi
nois $1,500,O0O within the next year.
was signed yesterday by Governor
Deneen OF this amount full million
is expected from estates such as those
left by the late Marshall Field AMI
Otto C. Young, the new measure pro-
viding for the taxation of what are
known as contingent remainders.
The new bill increases the rate tax
able against direct heirs on all inheri
tances of over 100000 from l per cent
to 2 per cent on the amount received
1t also increases the rate on collaterai'
on all inheritances over $4,000 from
per cent to per cent.
Old Exemptions Retained.
The exemptions in the old law OF
s., 900 to collaterals and $4,000 to di.
rect heirs is retained. Where the ben.
eficial interest passes to the father,
mother. husband wife. child, brother.
sister, wife or widow of the son tha
tax shall be So on every 500 of mar
ket value when the amount exceeds
500, 600 and 81 on each 500 when it
is between 100000 and $4,000.
Where the beneficial interest passes
to any uncle, aunt, niece or nephew or
their lineal descendants the tax Is
made "a on each 800 market value OF
over $4,000 and 50 on every 500 uf
market value under $4,000.
In all other cases the rate is as fol-
lows: Estates of $4,000 and less So
per 500 valuation; from $4,000 %
5000, 81 per 800 valuation; from
$4,000 to $4,000, S. per $100 valua-
ton; from $4,000 to 100000, Sc per
500 Variation. All over 100000, 500
per 500 valuation.
For state Charities.
The two bills which carry the appro-
priations for the ordinary and the spe-
cial purposes of the state charitable
institutions were signed by Governor
Deneen. For special purposes for the
two years there is appropriated $1,154,
315. For ordinary purposes for the first
year the charitable institutions get
81 ,3G2 500. and for the second year
$2.507,5
Tin the appropriations for the state
charitable institutions the Illinois
Western hospital at Watertown IS
given $4,000 for special purposes for
the next two years and $4,000 for or
binary eXpenses) -r,o..a ,,..
The governor also signed house bill
115 appropriating $525.000 per annum
for the payment of salaries and ordi
nary expenses at the University of
Illinois, and carrying annual additional
appropriations for specific purposes in
the sum of $232.S50 and house bill 12s
appropriating $250.O00 for the Goa.
struction of a new university hall at
University of Illinois. This is the bill
to which the enrolling and engrossing
clerks added $4,000 for another new
building. which was not passed by the
general assembly. Governor Deneen
permitted the bill to be rewritten cor
recting the error.
Other bills Are Signed.
Among other bills signed by the gov.
ernor are:
House GOO provides that municipal
corporations Hlay borrow money and
issue bonds therefor. but shall not be,
come indebted for any purpose to ex.
coed 8 per cent of the taxable prop.
erty.
House 297, by Durfee makes a mum
Der of changes in the fees of the
county clerks in counties of the first
and second class
House 80, by Pierson, provides that
TN ATTtNN yxTnMEN