(Download) "Watson Et Al. v. State Comptroller State New York" by Supreme Court of the United States # Book PDF Kindle ePub Free
eBook details
- Title: Watson Et Al. v. State Comptroller State New York
- Author : Supreme Court of the United States
- Release Date : January 15, 1920
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
The New York Tax Law (Consolidated Laws, c. 60) provides (Article 1, § 9) that personal property shall be assessed and taxed to the owner at the place where he resides, but exempts (Article 15) from such taxation certain bonds and other obligations, called in the act investments, on which there has been paid an optional tax at a lower rate, which payment is evidenced by a stamp affixed. The Tax Law also provides (Article 10) for an inheritance or transfer tax which varies, among other things, according to the relationship of the beneficiary to the decedent. By § 221-b, Laws of 1917, c. 700, § 2, an additional tax equal to 5 per cent. of the appraised value of the investment is imposed on the transfer of investments held by the decedent at his death on which neither the general property tax nor the stamp tax above described has been paid during a fixed period prior thereto, provided that the estate is larger than the exemptions to relatives and charities.
 "Watson Et Al. v. State Comptroller State New York" by Supreme Court of the United States # Book PDF Kindle ePub Free){kind=link}