Der Sonntagsbote. (Milwaukee, Wis.) 1906-1912, 1909-07-11

the payment Of any tax imposed By this act
Mhenever . tansfer OF property Is
made p which there is, or In any CON
tingency there may be, a tax imposed, such
property shall be appraised At its clear
market value immediately upon the trans
fer or as soon thereafter as praC ucabie.
The value OF every future or limited estate,
income interest, OF annuity dependent upon
any ire or lives IN being, shah 3e de-
termined hy the rule method and standard
OF AiertAity and value employed BY the
commissioner OF insurance ~ ascertaining
TIE value OF policies Of life Insurance ana
aAnuitIes for the determination Of laOiii-
les o. ire insurance companies except that
the rate OF interest for making such con-
pntation shall be nve per centum per an
5 In estimating the value OF any estate
% interest IN property 70 the beneficial en-
1oynenr Of possession whereof there are
persons or corporations presently entitled
thereto. no allowance shall be made IN re-
speet Of any contingent incumbrsnce there
on, nor IN respect Of any contingency upon
the happening Of which the estate or prop
cry or some part thereof. or interest there
u, might be abridged, defeated. or dimin-
tshed provided. however, that in the event
o. such inrumhrance taking effect as an ar
tnai burden upon the interest Of the bene-
hclary or in The event Of the abFidgment,
defeat, or dlminutiou Of such estate or prop
erty OF interest therein as Aforesaid, a re-
turn shall be made to the person properiy
entitled thereto OF a pr0portionate amount
OF such tax IN respect OF the amount or
value OF the incumbrance when taking effect
VI d ALDL1 as Will ktAUGE TIE SAME 10
the amount which would have been as
sessed in respect OF the actual duration or
extent o. the estate or interest enjoyed.
Such return Of tax shall be made IN the
name provided 70 section : IOS7-s.
Z. Where any property shall after the
passage OF this act be transferred subject
70 any charge. estate, or interest determiu-
able By the death OF any person or at any
period ascertainable oniy by reference to
death, the increase OF benefit accruing to
any person or corporation upon the exflne-
ton or Determination nf aloh eharrr nrea4a
or interest shall be deemed a transfer Of
property taxable under the provisions Of
this act IN me same manner as though the
person or corporation benehcially entitled
thereto had then acquired such increase OF
benefit from the person from whom the tide
% their respective estates or interests is
.. When property Is transferred In trust
or otherwise, and the rights, interests. or
estates OF the transferees are dependent
upon contingencies or conditions whereby
they may be wholly or ia part created. de-
teated, 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 h.
possible under the provisions Of this act,
ana sncn tax so Imposed shall be due and
payable forthwith out Of the property trans
ferred provided. however. that on the nan.
penlng or any contingency or condition
Wnereey me said property or any part
sntieoot Is transferred 70 a person or corpo-
aet Is required to pay a tax at a higher
rate h the tax Imposed. then such
transferee shall. pay the difference between
the tax imposed and the tar at the higher
rate, and the amount OF such Increased tax
snaii be enforced and collected as provided
In this act.
6. Estates in expectancy which are con.
tlngent or defeasible and In which proceed
lhgs Tor determination Of the tax have not
peeh taken O. where the taxation thereof
mas been heid in allegiance shall be apprais-
ed at their full undimlnished clear value
when the persons entitled thereto snail
ONE into the beneficial enjoyment or pos
session thereof without diminution for or
on account Of any valuation heretofore
made OF the particular estates for purposes
OF taxation upon which said estates In ex-
Pectancy may have been limited. Where
an estate Tor life or for years can be d.
Fested 1y the act or omission OF the lega-
tee or devisee, Il shall be taxed as II there
were no possibility Of such diVesting.
oectlon 3. section l0S7-14 Of the stat
utes e amended to read Section 1857
- livery such appraiser shall forthwith
give notice by mall to all persons known to
nave a claim or interest In the property
70 oe appraised, including the public adj
Illustrator : : : and 70 such persons as the
county court may BY order direct, OF Tie
TINE anG place when he will appraise such
property. He shall, at such time AND Mace
sppraise the same at It's fair market value
as herein prescribed, and for that purpose
me SAD appraiser is authorized 70 issue
subpoenas and TO compel the attendance
OF witnesses before him and 10 take the evil
oence OF such witnesses under oath concern
ing saeh property and the value thereof
and be shall make report thereof and 81
soeh value In writing, to the said county
court, together with the depositions OF tie
witnesses examined and such other facts in
relation thereto and 10 the said matter az
the said county court may order or reUlra
Livery appraiser shall be paid on the cert.
heats o. The county court at the rate Of
tnree dollars per day for every day actually
and necessarily employed Ia such appraisai.
ana MS actual and necessary travelling
Expenses and the fees paid such witnesses,
whlch fees shall be the same as those now
PAID 70 witnesses subpoenaed to attend In
courts OF record, By the county treasnrer
out OF any funds he may have IN his hands
on aeeount OF any tax imposed under the
Section 9. Section 1Os7-i6 Of the stat
utes Is amended to read Section I0S7-
10 Inc report q the special appraiser
picetes shall be nled In the Office OF the
county court and the other In the once 81
me attorney general - Upon nllng ouch
with give twenty days notice BY mail 70 all
persons known to be- interested IN fha
estate including the attorney general and
place for the hearing In the matter OF such
rcpoft, eno me county court, from such re
port and other proofs relating to any such
estate snail forthwith at the time 30 nxed,
determine the cash value OF such estate And
the amount Of tar 70 which the same =
2. Or the county court without appoiut-
ing such . . appraiser upon EfvIne twenfv
days notice By mail 10 all persons Known %
Oe Interested In the estate, including the
attorney general and public administrator
Of the time and place Of hearing, may
az the time so 6xed hear evidence AND
determine the cash value % sch estate and
the amount OF tax 10 which the same Il
liable 4 the residence or postonice address
or any person interested In any estate Is IN
known % the executor, administrat tor. or
trustee notice O. the hearing in the mat
notice hat the county court without AZ.
pointing such . appraiser will determine
the cash value Of an estate, shall be given
70 al such. persons By publication Of ruch
nouce not less than three successive weeks
prior to the time Fixed for such hearing
or determination IN such nswsnaper mn.
direct.
8 n the county court without appoint.
ing such special appraiser decide to hear
evidence as 10 the cash value Of the estate
for inherftance tar purposes, the court mar,
at the time Of the appointment Of the rega.
lar appraisers Of the estate, on tn own mo-
ton, designate an additional third Appraiser
to represent the county and state, and such
additional appraiser shall report ne inven-
The other appraisers or, in case Of failure
70 aEree, In q eeparats report, and be en-
titled to compensation OF Tires dollars Der
day for each day neceBsa rily employed in
such appraisal and bis mileage. which fees
shall Be paid on the certificate Of the
any Of the sfatr'H inhefitanco tar funds
he may have 10 bis possession.
4 The commissioner 81 ineuranrs 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.
minabie upon the life or lives OF the person
or persons In being upon the facts contained