When the amount of the clear value of such property or interest exceeds twenty-five thousand dollars, the rates of tax upon such excess shall be as follows: (1) Upon all in excess of twenty-five thousand dollars and up to fifty thousand dollars one and one-half times the primary rates. (2) Upon all in excess of fifty thousand dollars and up to one hundred thousand dollars, two times the primary rates. (3) Upon all in excess of one hundred thousand dollars and up to five hundred thousand dollars, two and one-half times the primary rates. (4) Upon all in excess of five hundred thousand dollars, three times the primary rates. SECTION 4. The following exemptions from the tax are hereby allowed: (1) All property transferred to corporations of this state organized under its laws solely for religious, charitable or educational purposes, which shall use the property so transferred exclusively for the purposes of their organization within the state shall be exempt. (2) Property of the clear value of ten thousand dollars transferred to the widow of the decedent, and two thousand dollars transferred to each of the other persons described in the first subdivision of section two shall be exempt. (3) Property of the clear value of five hundred dollars transferred to each of the persons described in the second subdivision of section two shall be exempt. (4) Property of the clear value of two hundred and fifty dollars transferred to each of the persons described in the third subdivision of section two shall be exempt. (5) Property of the clear value of one hundred and fifty dollars transferred to each of the persons described in the fourth subdivision of section two shall be exempt. (6) Property of the clear value of one hundred dollars transferred to each of the persons and corporations described in the fifth subdivision of section two shall be exempt. APPENDIX B RATES, EXEMPTIONS, AND CLASSIFICATIONS OF PERSONS AND AMOUNTS OF PROPERTY IN PROPOSED BILL FOR INHERITANCE TAX. WISCONSIN, 1903 25% until 1897. 4 On personal property only. 1 Prepared by the Wisconsin Tax Commission. {355 245 Ch. 448 Sec. 29 8 Ch. 297, Act 1901. Repeals exemption of $10,000. From 1897 to 1899, 14% for collateral, and of 1% for direct heirs. Until 1894, 34%, with an exemption of $10,000. 7 Repealed in 1902. 85% State United States 8 Later New York Acts: Ch. 908, 1896; Ch. 284, 1897; Ch. 88, 1898; Ch. 289, 1898; Ch. 76, 1899; Ch. 672, 1899; Ch. 173, 1901; Ch. 458, 1901; Ch. 493, 1901; Ch. 101, 1902. Alabama has a section (219) in her new constitution permitting a collateral inheritance tax. This table contains the following errors: The Minnesota tax applies to both personalty and realty, with a uniform exemption of $5,000 in case of both collateral and direct heirs. The North Carolina progressive tax does not apply to direct heirs. In Wisconsin, the law of 1901 having been declared unconstitutional, a new law, practically as framed by the tax commission, has been passed in 1903. 355 I 4 245 10,000 1899 1901 448 -214 10,000 1898 (TYPICAL OF CANADIAN TAXES) On the Total Value of the Estate after deducting Debts 1. In the direct line, between consorts, and in a few other cases If estate exceeds $3,000 and does not exceed $5,000, If property devolves to (a) Brother, sister, or their descendants (b) Uncle, aunt, or their descendants WESTERN AUSTRALIA If value exceeds £1,500 and does not exceed £2,500, on the excess over £1,500 1% on whole estate without any property exemption 40,000 to 60,000 60,000 to 80,000 80,000 to 100,000 above 100,000 Parent, issue, husband, wife, and issue of husband or wife pay of above rates. (c) Brother or sister of grandparents (d) Any other collateral |