The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1909-07-15

tame OF Lie transfer thereof OF the property
Oh persons whose estate snail be subject 10
the pas nent OF any Tax imposed by this act.
=. whenever a transfer OF property is
made upon wdicn there is, III any con
nsency there may he, a tax imposed, such
property sAdli be appraised at its clear
lnafket value immeulaGei! upon the trans
Ter or as soon thereafter as practicable.
The value OF every future or limited estate,
iucome, interest, OF annuity dependent upon
any Ire or lives IN beng, snail be de
ferinined BY the rule, method, and standard
OF mortality and value employed by the
commissioner OF insurance n ascertaining
tie value Of policies of life insurance and
annuities for tie determination OF liabiIi-
[ es OF life insurance companies except that
the rate OF interest for making such COM
putation shall be five per centum per an
5. In estimating the value of any estate
or interest In property to the beneficial en-
joyment of possession whereof there are
persons or corporations presently entitled
thereto 40 allowance shall be made IN re-
sDect OF any contingent lncumDrance there
on, nor Ia respect OF any contingency upon
the happening OF which tue estate or prop
erty or some part thereof Or interest there
In, might be abridged defeated. or dinn.
ished provided, however, that in the event
Of such REMEMBRANCE taking effect as an ac-
tnal burden upon the interest Of the bene
neiary or In the event Of the abridgment,
defeat, or diminution of such estate or prou
erty or interest therein as aforesaid, a re-
turn shall be made to the person properly
entitled thereto OF proportionate amount
81 such tax In respect Of the amount or
value Of the incumbrapce when tax ng effect
or SO much as will reduce the same TO
the amount which would have been as
sessed In respect OF the actual duration or
extent Of the estate or interest enjoyed
spch return OF tax shall be made in the
manner provided In section 10S7-S.
A. Where any property shall after the
passage OF this act be transferred subject
TO any charge, estate, Or interest deterrnin-
aoie by the death of any person or at any
period ascertainable only by reference to
death, the increase Of benefit accrning to
any person or corporation upon the extinc.
ton or determ nation of such charge estate
or interest shall be deemed a transfer Of
property taxable under the provisions Of
this act In the same manner as though the
person or corporation beGef5ciaIiy entitled
thereto had then acquired such Increase of
Dement, from the person from whom the title
70 their respective estates or Interests Is
derived.
g. When property is transferred in trust
or otherwise, and the ghts, interests or
estates OF the transferees are dependent
npon contingencies or conditions whereby
Chey may be wholly or In part created, de
feated. extended. or abridged, a tax shall
pc imposed upon such transfer at the lowest
rate which on the happening of any Of the
said contingencies or conditions would be
possible under the provisions Of this act,
and such tax So imposed shall be due and
payable forthwith ont OF the property trans~
terred provided. however, that on the hap
pehihg OK any contingency or condition
whereby the said property or any part
thereof Is transferred to a person or corpo-
ration, which under the provisions of this
a reto Is re. required to pay tag at higher
transferee shall pay the difference between
the tax imposed and the tax at the higher
rare, and the amount of such increased tax
shall be enforced and collected as provided
in this act.
q. Estates In expectancy which are con.
tlhseat or deieasioie aud Ia which proceed
nGs tor discrimination ot tue tax have not
beeh taken or where the taxation thereof
mas been held in allegiance snail be appraig-
go al theT full undiminished clear value
when the persons entitled thereto shall
conne lhto tne beneficial enjoyment or pos
session thereof without diIninution for or
on account OF any valuation heretofore
mace OF the particular estates for purposes
ol taxation upon which said estates III ex-
pectancy may have been limited Where
an estate for life or for years can be dl.
vested BY the act or omission of the iega.
zee or deysee, 1t shall be taxed aa II there
were no possibility Of such divesting.
Section D. Section i087--l4 of the stat
utes Is amended to read Section 1Os7-
A4 avery such appraiser shall forthwith
give notice by mali to ail persons known TO
nave claim Or interest In the property
10 be appra sed, including the public adj
ministrator . and To such persona az the
county court may by order direct, OF the
Tine ana place when he will appraise such
property. He shall. ar such time and place.
appraise the same at ra fair market value,
as herein prescribed, and for that purroae
the SAID appraiser Is authorized 10 Issue
s1opoenas and TO compel the attendance
OF witnesses before him and to take the eyi.
dence OF such Witnesses under oa th CONCERN
ing such property and the value thereof
ana ne ahali make report thereof and OF
court, together with the DISPOSITIONS of the
witnesses examined, and such other facts In
relation thereto and to the said matter So
Sne sa1o county court may order or require.
han raid
ncats or the county court at the rate OF
TIRES dollars per day for every DAY actually
ana necessarily employed In such appraisal,
and dis actual and necessary travelling
expenses and the fees paid such wifnesseS.
which fees shall be the same as those now
pelo 10 witnesses s,ibpoenaed to attend In
court" S,s g OF record, by the county treasurer
QUIZ CT any funds he may have Ia his hands
90 account Of any tax imposed under tho
provisions OF this act
Section Q Section 1os7-15 OF the stat
uLez 10 amended TO read: Section lOS7-
10. !. The report of the special Appraiser
shan be made In duplicate. one OF srhicn On.
plicates shall be 6ied In the Office of tho
county court and the other in the ossce al
report, the county court ahaiJ fertt-
with give twenty days notice by mail TO ali
persons Snown to be- interested in the
puble ds,Gdpg the attorney gsnsrsi and
place for the hearing In the matter Of such
report, aud the county court from such re-
estate shall forthwith at the tine 50 axsd,
Determine the cash value of such estate sad
me au0oant OF tax to which the sssae Id
liable.
2. Or the county court without appoint
ing such =" appraiser upon giving twenty
days notice By mail to al persons ssown 70
90 Interested IN the estate, including the
sfsOrneS genera and public administrator
OK the time and piace Of bearing, NAV
al tire time 10 Axed hear evidence and
detsrinsoe the cash vaine Of such estate and
the amount OF tax TO which the game Ia
tiScse. y inc residence or pastofsee address
o. any person Interested In any estate In an
known to the executor, administrator or
trustees notice Of the hearing in the mat
ter OF the report OF the appraiser or
NOTES that the county court without sp-
pointing sach appraiser will determtne
the Sash va!ue of an estate, shall be given
70 sli such persons ny publication Of such
prior to the time dxed for snch hearing
or determination IN pugn newspsuoY uuS
iished within the e0unty an the court shaIi
4ireCt
B. RI the county ccnrS withont arr,cfut.
ing such special appraiser decide 10 hear
evidence as TO the cash value ~ the estate
Tor !nherttsrcc tar purposes, she cours may.
At the ttrne Of the appointment of The ress,,
lar apps isera OK the sgtAte, on lts sws mo
tton- dea'gnate az Additional thirS apprasser
% represent the ces1nty snd state, ard such
&udishnal appEsss1r sfSii report the inyen
tory an6 appraisal Of said property With
the otSez appraisers; or. In case Of failure
70 agree. tE separate rsssort sr6 he su-
f'tleu 10 compensation " thrs4 4aslsrs Der
day TOR EACH aRy necessarily smpioyed In
ssAch sgsrxssai aud hts mileagp which fees
shall he esid on the e4rSfarafs Of the
county jias~ by the ees1rsty trea a,lr~x ry,s az
anJ Of the slsts's inhfritsrrs tan funds
ht nsay have II bis pesaesslns
l. Th~ commissioner II irs1rsnrs shall
on arrhcSfsor IT ASs eSunts raurt deter
nn'ue The vaiaS 81 sny Such fatnre or con
tingenf estates income, or interests there
in, limited, contingent, dependent. or deter