The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1913-03-05

ing from such decedent who at the
date of his death was an inhabitant
of this state and then owned such
personal property shall, except as
otherwise provided in this chapter.
pay to the state tax of five per
cent of the value in money of such
legacy or distributive share.
Sec. 2. lection 1923 of the Public
Statues is hereby amended so as to
read as follows:
Sec. S23. Ev--y person, unless one
of a class exempted in the precedin
section. who acquires title to real es-
tate within this ate or any interest
therein by deed, grant. or gift, except
in case of bona fide purchase for
full consideration in money or
moneys worth, made or intended to
take eject in possession or enjoy
ment upon or after the death OF the
grantor or donor; and every such per.
son who thus acquires title to person
al estate or any interest therein from
deceased person who at the date of
his death was an inhabitant of this
state and then owned such property.
shall pay to the state the same tax
that he would have been required to
pay had such estate or interest pass.
ed to him from such deceased person
by will, the laws of descent. or de-
cree of court in this state. Such
tax shall be a first lien on the real
or personal estate thus conveyed I'M
til such tax is paid in full.
Sec, 3. Except as otherwise pro-
vided, section S24 of the Public Stat
utes, as amended by section of No.
81 of the acts of 1908; section S25:
section S76, as amended by section
of No So of the acts of 1910; Sec
ton SIT; section S7S. as amended by
section of No. SIS of the acts of 1910:
section 49, as amended by section
OF No So of the acts of 1910; and sec
tons $50 to SS5, both inclusive, of the
Public Statutes, are hereby repealed in
so far as they relate or apply to the
estates of persons dying subsequent
to the date of wherein this act shall
take effect; or to the succession of
property belonging to persons so
dying; or to property thereafter
passing by deed, grant or gift taking
erect in possession or enjoyment in
the manner hereinbefore specified:
but in all other respects shall con.
tinue in full force and effect.
Sec. 4. The provisions of sections
s2s and S2S of the Public Statutes.
as amended by cections I and 2 of
this act, shall apply to the estates of
all persons dying subsequent to the
date wherein this act shall take ef-
feet, and to all property so passing
by deed, grant or gift. except in cases
OF bona fide purchase for full consid-
GRAFTON In money or moneys worth.
made or intended to take effect in
possession or enjoyment after the
death of the grantor or donor, pro
vided such death shall occur suisse
quent to said last named date. The
estates of persons dying prior to such
date, and all property Heretofore pass
ing by deed grant or gift so taking
effect in possessiopor enjoyment shall
remain subject to the laws In force
prior to the date wherein this act
shall take effect
Sec. 8. The provisions of this act
shall not apply to property located
In another state or country unless
there exists in such other state or
country reciprocal law similar In
terms and effect TO the provisions of
this act.
Sec, 6. This act shall take effect
from Its passage.
Approved February 21, 1919.