People's Pilot, Volume 5, Number 38, Rensselaer, Jasper County, 26 March 1896 — Inheritance Tax Bill Passed. [ARTICLE]

Inheritance Tax Bill Passed.

Des Moines, March 25.—The collateral inheritance tax bill, prepared by the ways and means committee, on Tuesday passed the senate unanimously. It provides for a tax of 5 per cent on all inheritances above SI,OOO, other than for the use of father, mother, husband, wife, lineal descendant, adopted child, or the lineal descendant of an adopted child of a descendant, or to or for charitable, educational or religious societies or institutions within the state.