Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1913-08-29
No. 2ls. Al 1published 1nlv p. 1918
CHAPTER s27. LAWS OF lala


AN AIT 10 amend section 1QS7-1: to treate slb-
division ~ Of section 10874 to rlpeaI absections
and Of section l0S7-5; to create new SUBJ
section OF section l0S7-5 to be numbered suhsec-
lion !; to create subsection s Of section 10S7--S
to amend subsection 2 of section 10S7~11: to re-
peai sect non los1 I'm; to amend subsection Of
IS; 70 repeal subsections 2. g. T. and Of section
loS7-lS; 10 amend sections l0S7-15 and I08z--16;
new subsection Of section I0S7-IT TO be num-
pered subsection /: to amend subsection 5 OF sec
aen i9Sl-ll and slbsections l. .. 8, q and s
OF see'ien l0S7-1S: to create subsection Of section
l0S7-IS; to amend sections 10S7N9G sSl3a. 3SlS
ana loz q the statutes relating to the Inheritance
TIE people OF the State Of yyiscons,, ,,raseted in
Senate and Assembly. do enact as follows:
section J. Section 10S7-1 Of he statutes is
amended to read: Section 1857 A tar shall be
aug IS hereby imposed upon transfer Of property
real personal or mixed, any interest therein or
income theretrom In trust otherwise 10 any person.
association or corporation. except county town or
municipal corporations within tie STATE for strictly
county town or municipal purposes and corporations
q TINS state organized under its laws solely for reli
gious charitable or educational purposes which shall
use ne property 50 transferred exclusively for the
purposes q their organization within the state in
the toingilg cases except as hereina Ter provided
" Mhsn Inc transfer Is by VIII or hy the In
testate laws Of this state from any ner living pos
sesseu q me property While resident 81 the state
~ When a transfer Is by viii or {n,estate law
or property within the state or within IL Jurisdiction
the time Of his death. y tAe
t3t When the transfer ia NJ r-. .a. Nv 4
resident or by nonresident when sroh onresidents
property Is within this state or within &c irissiie
ton by deed grant bargain sala a. off made
IN contemplation Of The death 81 ~ r..ntor vendor
or denor, or Intended To take effegt % rosesson or
enjoyment at or after such death -
(4} Such tax shah he imposes ,h. any such
person OF corporation oec0es benecaIIv entitled. in
possession or expectancy, to any nrar.,4v or the
income thereof. by any such transfer ,yhphsr made
before or alter the passage Of tms ~. provided.
ina properly or estates which have rastei III such
persons CT corporations before this aet shan take
effect SHAH not he subject to 4 tay, 80 nrovi9ed
iaflhet that cofnsett interests created 81 the will
q any person who died pior to The nsssase of this
act shall not be taxed. p''Ss
90 Whenever any person or corIoratior shaIl exef
else power OF appointment derived from any dis
position Of property, made either before ~ after the
passage OF sections LOST to I0S7Nss Inclusive,
such appointment, when made shan - deemed a
transfer taxable under the provisions III sections 1887
Fl 70 loSt--24 inclusive. in tile sans manner as
though the property to which such apr4ntn,eut relates
belonged absolutely TO the donee Of s,,c newer and
had been hequeathed devised hy sslch donee by
VIII and whenever any person or corrafiot possess
ing such power Of appointment % 5erirS sl,aiI omit
or fat % exeTcse the same within the time provided
herefor IN whole or IN part transfer tsxabe under
the provisions f sections LOST to lnsy III inclu
sive shah he deemed 70 take place to fhe extent Of
such omission or failure. in the SANE manner as
though the persons or corporations tbarsg becoming
entitled to the possession enjoyment ~ me property
to which such power related had snecsssed thereto
By will Of the donee Of the power faii,nr to exrr
else such power taking eject st the time Or such
emission or failure.
lel The Tax 81 Imposed shah be nnor tie clear
arke value q such prapsTty at the ratas eretnnfEEr