The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1913-04-25
Copies Are Being Mailed b,
the Tax Commissioner
to Corporations.
lsslela. q =. rEllaaAnn

state nave been mailed by state Tax
Commissioner Fred o. Blue to more
than 5000 corporations, informing
them OF the change in the laws by
the last session of the legislature
Through an error in copying bill
by which the word within was used
instead OF the word without. West
Virginia has lost several thousand
dollars during the last few years that
would have gone into the state treas
ury in inheritance taxes. On account
lof the error persons residents of other
states and holding stock in resident
corporations in this state. escaped
paying an inheritance tax on such
stock.
The last session Of the legislature
amended these laws, effective May 10,
1918. The amended sections are 6. 4,
g, 8, IA, and 16. The bill was pre-
scented in the Senate by Senator Phil
lips and in the House by Delegate
Brohard., The bill enacted into law
was House bill 1O5, entitled can Act
enacting chapter 80 of the Code of
West Virginia relating to taxes on
collateral inheritance, deyises. dis
tributive shares and legacies.'
The new sections are expected to
increase the revenue from inheritance
at least a hundred thousand dollars
a year The changes are believed TO
be OF such Importance that all officers
OF corporations as we'll as county Off
cials should at once inform themselves
of the changes. Under the changes the
tax commissioner is given authority
to act when county officials fail to
perform their duty, and heavy penal
ties are provided where persons fail
to comply with the provisions Of the
act.
The new sections are as follows:
Section 6 A transfer of personal
property OF resident of the state
which is not therein or within the
Jurisdiction thereof, at the. time of
his death, shall not be taxable, under
the provisions of this act If such
transfer or the property be legally
subject in another state or county to
q tax of like character and amount
to that hereby imposed, and If such
tax be actually paid or guaranteed
or secured in accordance with the
laws in such other state or country,
If legally subject in another state or
country to a tax OF like character, but
of less amount than that hereby i'm
posed and such tax be actually paid
or guaranteed or secured, as afore-
said, the transfer of such property
shall be taxable under this act to the
extent Of the difference. between the
tax thus actually paid, guaranteed or
secured, and the amount for which
such transfer would otherwise be
liable hereunder, or within the jurls-
diction thereof.
1.-THE provisions OF this act shall
apply to the transfer of the follow
ling property to deceased persons,
non Tesldents of this state which shall
pass by will or Inheritance under
the laws of any other state or coun.
try. and such property shall be sub
ject to the tax imposed by this sec.
ton, to-wit;
"(a) The transfer of all real estate
and tangible personal property, in
Guiding money on deposit in this state;
"tbl The, transfer of all tangible
personal property, including bonds,
/ securities, shares of stock and chooses
in action. the evidence Of OWNERSHIP
! to which shall be actually within this
state; and
Cc) The transfer of the shares
of capital stock of all corporations
organized and existing under the laws
of this state, the certificates Of which
shares OF stock shall be within OIL
, without this state.
THE transfer of any property men
toned in subdivision (a) and Oh and
the transfer OF the shares of stock
mentioned in subdivision (c) Of this
! section, after the decease of the per-
SON owning the same. shall not be
legal until the inheritance or trans
fer tax has been paid into the state
treasury and certificate of release
to that effect executed by the state tax
commissioner. No corporation or
ganized or existing under the laws
of this state shall transfer any such
shares of stock. unless notice OF the
time of such. intended transfer is
served upon the state tax commission
er at least fifteen days prior to such
- - 49,. 49, 49,.