Evening Republican, Volume 17, Number 134, Rensselaer, Jasper County, 5 June 1913 — INHERITANCE TAX SUPPLIES RECEIVED [ARTICLE]

INHERITANCE TAX SUPPLIES RECEIVED

County Treasurer Fell and Clerk Perkins to Have Extra Work Thrust Upon Them.

Attaches of the county treasurer’s office were somewhat surprised this week when the opened a large package and found that it contained supplies for the collection of the inheritance tax. No previous notice had been given the treasurer regarding the inheritance tax and it is likely that not many people in the county know that the last legislature passed such a law. County Clerk Perkins has received books in which he. wilt be required to keep records of the inheritances subject to taxation, because most of the estates are settled through orders of the court, the clerk and the county treasurer will probably be the only officials that will have extra work. Inheritance taxes are divided into different rates, according to the amount inherited. In the first group are Included husband, Wife, son, daughter, adopted child, providing the adoption took place ten years before death of the parent, father, mother, other lineal ancestry or issue. Each of these with the exception of a wife are allowed exemptions of $2,000. A wife Is allowed an exemption of SIO,OOO. Iff amounts up to $25,000 the inheritance tax in this group is one per cent, on excess of $25,000 up to $50,000 the tax is one and one-half per cent, on excess of $50,000 up to SIOO,000 two per cent, on excess of SIOO,000 up to $500,000, two and one-half per cent, and excess of $500,000 three per cent. Brothers, sisters, nephews, nieces, sons-ln-law tlnd daughters-in-law are divided in another class. All are allowed exemptions of SSOO and their taxes are to be computed at the following rates according to the amounts given in the first class: One and one-half per cent, two and one-fourth per cent, three per cent, three and three-fourths per cent, and four and one-half per cent. Uncles, aunts, and first cousins are placed in another class and allowed exemptions of $250. Their rates are three, four and one-balf, six, seven and one-half, and nine per cent, ac-

cording to the amounts given in the first class. Great uncles, great punts, and second cousins form another class with exemptions of $l5O. Bates are tour, six, eight, ten and twelve per cent. Other kindred more distant removed than in the foregoing classes and strangers to blood relation or corporations are allowed SIOO exemption and the rates are five, seven and onehalf, ten, twelve and one half and fifteen per cent. The law contains no clause telling when it shall take effect and the local officials are awaiting further instructions. /This law will probably apply to the Gifford estate in this county, which has not yet been settled up.