Taxation of Legacies and Successions |
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acts in amendment administrator or trustee amount ancillary administration annuity appeal applied appraisal assessed Assistant Attorney bequest bonds Bowdoin College Carlton W cent collateral inheritance tax collateral legacies Commonwealth corporation death debts deceased decedent decree deed defendant determined devise domicil Edward Friebe effect in possession erty excise excise tax executor exempt from taxation February 24 filed full court fund grantor Harry Collins held imposing a tax income interest J. W. Randall June 19 jurisdiction KNOWLTON legacies and successions legatees Legislature liable Mass Massachusetts Minot mortgage MORTON nineteen hundred paid payable payment personal property petition petitioner plaintiff power of appointment privilege Probate Court provisions question Railroad real estate religious societies RUGG settlor shares Shaw societies or institutions statute succession tax Suffolk take effect tax commissioner tax on collateral tax under St taxable taxes imposed testator's testatrix thousand dollars tion transfer treasurer and receiver vested Winthrop
Popular passages
Page 60 - State, or by deed, grant, sale or gift made or intended to take effect in possession or enjoyment after the death of the grantor...
Page 29 - And while the public charges of government, or any part thereof, shall be assessed on polls and estates, in the manner that has hitherto been practised ; in order that such assessments may be made with equality, there shall be a valuation of estates within the Commonwealth taken anew once in every ten years at the least, and as much oftener as the General Court shall order.
Page 31 - Constitution ; and to impose and levy proportional and reasonable assessments, rates, and taxes, upon all the inhabitants of, and persons resident, and estates lying, within the said Commonwealth ; and also to impose and levy reasonable duties and excises, upon any produce, goods, wares, merchandise, and commodities whatsoever, brought into, produced, manufactured, or being within the same...
Page 108 - ... in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power, and had been bequeathed or devised by the donee by will; and whenever any person possessing such a power of appointment so derived shall omit or fail to exercise the same within the time provided therefor, in whole or in part, a disposition of property taxable under...
Page 14 - ... may, with the approval of the attorney-general, effect such settlement of the tax as he shall deem to be for the best interests of the commonwealth, and payment of the sum so agreed upon shall be a full satisfaction of such tax.
Page 43 - When the property or any beneficial interest therein passes by any such transfer to or for the use of any father, mother, husband, wife, child, brother, sister, wife or widow of a son or the husband of a daughter...
Page 99 - ... to or for the use of charitable, educational or religious societies or institutions, the property of which is by law exempt from taxation...
Page 9 - All existing decrees, laws, regulations, or orders, so far as the same are inconsistent with the provisions of this Act...
Page 47 - ... other than to or for the use of the father, mother, husband, wife, lineal descendant, brother, sister, adopted child, the lineal descendant of any adopted child, the wife or widow of a son, or the husband of a daughter of a decedent...
Page 9 - ... of appointment so derived shall omit or fail to exercise the same within the time provided therefor, in whole or in part, a transfer taxable under the provisions of this act, shall be deemed to take place to the extent of such omission or failure, in the same manner as though the persons or corporations thereby becoming entitled to the possession or enjoyment of the property to which such power related had succeeded thereto by a will of the donee of the power failing to exercise such power, taking...